Railroads

BMO reiterated its Outperform rating on Canadian Pacific Railway (NYSE: CP). At the same time, the rating agency left its price target on the company's stock unchanged at $75. On Wednesday, CP lost 1.08% of its value to end the day at $61.26.

The S&P 500 (SPX) took a major hit in Wednesday's trading session, finishing down 27.05 points, or 2.03%, from Tuesday's close to 1304.89. The selling began just after the opening bell, and the index extended its losses throughout the session, closing near the low of the day (1303.49), as...

Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of Norfolk Southern (NYSE: NSC) are hitting new 52-week highs....

Wells Fargo is out with its report today on Norfolk Southern (NYSE: NSC), upgrading NSC from Market Perform to Outperform. In a note to clients, Wells Fargo writes, "We are upgrading NSC to Outperform from Market Perform as we think recent favorable pricing, operating momentum and improved...

Deutsche Bank has published a Company Alert on Norfolk Southern Corp (NYSE: NSC) after Q2 results. In the report, Deutsche Bank wrote, " Yesterday after the close, NSC reported adjusted Q2 EPS of $1.38 well above our estimate of $1.23 and Consensus of $1.29 as export coal volume strength and core...

BMO reiterated its Outperform rating on Norfolk Southern (NYSE: NSC). At the same time, the rating agency raised its price target on the company's stock from $81 to $86. On Tuesday, NSC lost 1.18% of its value to finish the day at $75.55. Its shares rebounded in today's pre-market trading, rising 0...

Shares of Norfolk Southern (NYSE: NSC) are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 1.19%, trading at $76.45; they ended the regular session lower by 1.618%, at $75.55. Norfolk Southern reported Q2 EPS of $1.38...

Norfolk Southern Corporation (NYSE: NSC) announced that its Board of Directors today voted to increase the regular quarterly dividend on the company's common stock by 7.5 percent, or 3 cents per share, from 40 to 43 cents per share. The increased dividend is payable on Sept. 10, to stockholders of...

This morning, the major stock indexes are coming under some early selling pressure. While all of the leading sectors are under pressure it is the highly followed iShares Dow Jones Transportation Index (NYSE: IYT) that is trading lower by 1.87 percent. The transport index is very important to many...

Jefferies made a number of updates in a research report published today. Archer-Daniels-Midland (NYSE: ADM) had its rating reiterated at Buy. At the same time, its price target was reduced from $44 to $40. On Monday, ADM lost 0.9% of its value to finish the day at $31.83. Its shares continued to...

Jefferies & Company has changed the price target on the following companies: Archer-Daniels-Midland (NYSE: ADM) Buy, PT from $44.00 to $40.00 B/E Aerospace (NASDAQ: BEAV) Buy, PT from $44.00 to $48.00 Broadcom (NASDAQ: BRCM) Buy, PT from $41.00 to $46.00 Canadian National Railway (NYSE:...

Lockheed Martin Corporation (NYSE: LMT) is projected to report its Q2 EPS at $1.93 on revenue of $11.42 billion. Ford Motor Company (NYSE: F) is estimated to report its Q2 earnings at $0.60 per share on revenue of $31.59 billion. Eastman Kodak Company (NYSE: EK) is expected to report a Q2 loss...

BMO reiterated its Market Perform rating on CN Railway (NYSE: CNI). At the same time, the rating agency raised its price target on the company's stock from $76 to $79. On Monday, CNI added 0.73% to its value to finish the day at $79.59.

The earnings crunch continues this week even as the month of July winds to a close. Quarterly reports of note scheduled for the week include those from Netflix (NASDAQ: NFLX), United Parcel Service (NYSE: UPS), Exxon Mobil (NYSE: XOM), Starbucks (NASDAQ: SBUX), Merck (NYSE: MRK) and Dow Chemical (...

Dahlman Rose has published a report on Kansas City Southern (NYSE: KSU) after 2Q11 reports. In the reports, Dahlman Rose wrote, "Kansas City Southern reported 2Q11 adjusted earnings per share of $0.71, a penny higher than both our and the consensus $0.70 estimate. The modest beat came off of...