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UBS trims profit estimates on the rail sector to account for elevated diesel prices (NSC:NYSE)

railroad tracks recede to the horizon, dark summer sky approaching

Stephen Simpson

UBS lowered profit estimates on rail stocks to account for higher fuel prices.

Analyst Thomas Wadewitz said the across-the-board Q3 EPS cuts of 1% to 2% were driven by the September spike in diesel prices, which reduces the year-over-year fuel benefit to operating

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