Railroads

Cusick's Corner The elements that we discussed all last week came together on the open - the EU has a continuing debt crisis and China's slowdown is creating momentum to the downside. Two sectors that appear to be under the most pressure right now are Crude and Euro Currency which is putting even...

Shares of Norfolk Southern Corporation (NYSE: NSC) are lower on the session by 1.65%, currently trading at $71.07. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name...

Dahlman Rose provided color on the rail sector. In a research report published today, Dahlman stressed a number of improvements in the sector. In the report, Dahlman states, "North American Class I rail traffic grew 4% in Week 19, 2011 vs 3.1% and 1.7% increases in the prior two weeks. The 4%...

Goldman Sachs has a Buy rating and a $95 price target on shares of CSX (NYSE: CSX). In a note to investors, Goldman Sachs writes, "We reiterate our Buy rating on CSX shares following its May 17-18 Analyst Day. We believe the top-line opportunity for CSX is not fully reflected in our above-...

Bank of America Merrill Lynch is out with its report today on CSX (NYSE: CSX), reiterating Buy. In a note to clients, Bank of America Merrill Lynch writes, "We reiterate our Buy opinion and $86 price objective. Our target is based on a 16.6x multiple on our 2011 EPS estimate of $5.17, and note...

Dahlman Rose reiterated its Buy rating on CSX Corporation (NYSE: CSX). At the same time, it left its price target unchanged at $90, after deciding to maintain its earnings per share estimates for the next two years. In a research report published today, Dahlman Rose states, "We are maintaining...

Morgan Stanley is out with its report today on CSX (NYSE: CSX), reiterating Overweight. In a note to clients, Morgan Stanley writes, "We've long viewed CSX as particularly favorably positioned to benefit from each of the key themes underpinning our broader rail thesis including: (1) Operating...

Deutsche Bank is reiterating its Buy rating and its $89 price target on CSX Corp. (NYSE: CSX) after attending the company's Investor Day. Says Deutsche Bank, in the report, “We came away from CSX's Investor Day with increased conviction in our thesis as the company is poised to drive strong...

Citigroup commented on CSX Corp (NYSE: CSX) in a report released today. In the report, Citigroup was positive in its outlook on the company. Citigroup writes, “With its ability to grow core pricing at levels above rail inflation largely accepted (and expected), CSX spent more time at the meeting...

CSX Corp. (NYSE: CSX) held a “well-attended investor day in Detroit that included new mid-decade financial targets,” Jefferies reports. “These targets imply a doubling of EPS and $11 of cumulative dividends by 2015, which we estimate would support annual total return 15%- plus for the next five...

CSX (NYSE: CSX) says, "targets at least $1B share buyback/yr after current program... targets dividend payout ratio of 30-35% of EPS." Dividend is 'what you can count on,' CFO says.

CSX Corporation (NYSE: CSX) today provided additional financial guidance at its Investor and Financial Analyst Conference in Detroit. CSX is targeting a compound annual growth rate in earnings per share of 18 to 20 percent through 2015, supported by a compound annual growth rate for operating...

Deutsche Bank is out with a research report on the Mississippi flood and how it's affecting the railroads, such as CSX (NYSE: CSX) and Norfolk Southern (NYSE: NSC). In a note to investors, Deutsche Bank writes, "We have spoken with our oil analysts, transportation contacts, as well as various...

Cognex (CGNX) is trading at a price of $34.86, a dramatic change of -0.97. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 1.45B. Cognex is giving up its quarterly distributions by 13% to $0.09 a share. This is the third time over...

"The economic recovery is well under way, and barring some unanticipated event, it will continue well on into 2012," said Wick Moorman, chief executive officer of Norfolk Southern Corporation (NYSE: NSC), during the company's 29th annual stockholders meeting, held today in Williamsburg. "We at...