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BUZZ-Deutsche Bank initiates coverage on some US railroad operators

Reuters
Mar 07, 2025
BUZZ-Deutsche Bank initiates coverage on some US railroad operators

** Deutsche Bank initiates coverage on some U.S. railroad operators, including Norfolk Southern NSC.N and Union Pacific UNP.N, with "buy" rating

** Says NSC's margin improvement trend will continue into 2025; has PT of $293, implying a 23% upside to stock's last close

** Sets PT of $295 on UNP, representing a 20% upside to stock's last close

** Initiates coverage on CSX CSX.O with "hold" and PT of $34, a 9% upside to stock's last close

** "CSX faces several cost challenges and investment requirements in 2025, which, we believe, will restrict its ability to achieve attractive EPS growth" - brokerage

** S&P 500 Rail Transportation .SPLRCRAIL sub-index up 3.4% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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