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Benzinga
Benzinga
Business
AJ Fabino

Why Stifel Analysts Upgraded These Rail Stocks To A Buy: 'It Shouldn't Be As Bad As 2006-2009'

Stifel CSX NSC CSX Corporation Nasdaq NYSE

CSX Corporation (NASDAQ:CSX) and Norfolk Southern Corp. (NYSE:NSC) traded higher on Friday after Stifel upgraded the two companies from a Hold rating to a Buy rating.

In the recent industry report, Benjamin Nolan analyzed the current state of American railways and offered insight on recessionary trends as compared to the 2008-2009 Great Recession.

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