Rails rise on upgrade, earnings (Investor's Business Daily)

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Investor's Business Daily - UBS Securities boosted its rating on Canadian Pacific Railway to buy from neutral, complimenting the company as among the best in its industry in squeezing profits out of revenue gains. UBS said the railroad is ideal for "operating-leverage addicts," noting its earnings leapt 94% earlier this year even though freight volume only edged up 14%. CSX's better-than-expected earnings late Tue. also fueled industry gains. Canadian Pacific increased 3.6%, CSX 4.2%, Union Pacific 4% and Kansas City Southern 4.7%.

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