BMO Updates on Rail 8/3

BMO made a number of updates on the rail sector in a research report published today.

Canadian National Railway (NYSE: CNI) had its rating reiterated at Market Perform. At the same time, its price target was maintained at $79. On Tuesday, CNI lost 2.51% of its value to end the day at $72.51. Its shares continued to slide in today's pre-market trading, falling 0.92% to stand around $71.85.

Canadian Pacific Railway (NYSE: CP) had its rating reiterated at Outperform. At the same time, its price target was maintained at $75. On Tuesday, CP lost 2.8% of its value to finish the day at $61.47.

Union Pacific (NYSE: UNP) had its rating upgraded from Market Perform to Outperform. At the same time, its price target was raised from $112 to $113. On Tuesday, UNP lost 3.67% of its value to finish the day at $97.59.

CSX (NYSE: CSX) had its rating reiterated at Outperform. At the same time, its price target was maintained at $30. On Tuesday, CSX lost 4.98% of its value to finish the day at $23.47. Its shares continued to slide in today's pre-market trading, falling 0.72% to stand around $23.30.

Norfolk Southern (NYSE: NSC) had its rating reiterated at Outperform. At the same time, its price target was maintained at $86. On Tuesday, NSC lost 3.03% of its value to finish the day at $72.96. Its shares continued to slide in today's pre-market trading, falling 0.63% to stand around $72.50.

Kansas City Southern (NYSE: KSU) had its rating reiterated at Market Perform. At the same time, its price target was raised from $61 to $64. On Tuesday, KSU lost 4.5% of its value to end the day at $56.72.