Third-quarter results might still be under pressure from lower rail volumes and higher operational costs, but investors should keep their eyes on the freight rail industry longer term, according to Susequehanna transportation analyst Bascome Majors.
“We’re comfortable with our yet-again-reduced 2024 forecasts for rails (EPS 3% to 9% below consensus). After more than a year on the sidelines, we’re actively looking for mid-term re-entry points on any short-term stumbles,” Majors said in a Tuesday...