(Source: Freight Waves, October 14, 2019)
CHATTANOOGA, Tenn. — Goldman Sachs equities analysts believe that weakness in the industrial sector of the U.S. economy will persist through the first quarter of 2020 before positively inflecting in the second quarter, leading them to cut earnings estimates for the transportation companies in their coverage universe. Goldman cut 2020 EPS by 2-4% across the railroad sector.
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