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She weaves in samples and references to Black artists, including Sister Rosetta Tharpe, Chuck Berry, and Roy Hamilton. A cover song isn't just a copyThere's a long history of non-country artists doing country covers. Related storiesFor artists, cover songs "are like a stepping stone. Solis, the ethnomusicologist, pointed out that country music has grown out of a history of people playing other artists' songs, particularly Black artists. Beyoncé's "Jolene" cover is #3 on Apple Music Charts, while "Blackbird" is #12.
Persons: Cowboy Carter, Jolene, , Carter, It's, Queen Bey, she's, Rosetta Tharpe, Chuck Berry, Roy Hamilton, Willie Nelson, Linda Martell, Bey, Dolly Parton, Paul McCartney, Tanner Adell, Brittney Spencer, Tiera Kennedy, Reyna Roberts, Tina Knowles, Gabriel Solis, Patsy Cline's, Bing Crosby, Don Cusic, Beyoncé, — Bey, Solis, " Solis, Tracy Chapman's, Luke Combs, Martell, Nelson, Parton, Cusic Organizations: Service, University of Washington, Western Music Hall of Fame, Spotify, Apple, YouTube Locations: America, Beyoncé
Analysts on Wall Street are bullish on are bullish on a swath of railroad stocks, but one in particular stands out. Wells Fargo upgraded Norfolk Southern stock to overweight on Monday, with a $250 per share price target. NSC YTD mountain Norfolk Southern stock. Citi also upgraded Norfolk on Monday, as broader U.S. rail firms start to operate similar to "more cyclical companies" that are "likely to react more positively to improving TL [truckload] dynamics," wrote analyst Christian Wetherbee. Citi now has a buy rating on Norfolk stock with a $257 per share price target, or 18% upside.
United Parcel Service ' earnings growth potential is underappreciated by investors, Wells Fargo said. Analyst Allison Poliniak-Cusic reiterated the package delivery stock as overweight while raising her target share price to $221 from $195. "In 2024 not only should those investment headwinds fade, but they should generate incremental profit." And despite earnings growth largely being a 2024 story for the company, Poliniak-Cusic said the company could see upside earlier. But she also noted that productivity improve can generate downside support and create operating leverage, which can help accelerate profit growth in a period of recovery.
Feb 27 (Reuters) - Shares of Union Pacific Corp (UNP.N) surged nearly 10% before the bell on Monday, a day after the U.S. railroad operator announced that its Chief Executive Lance Fritz would step down this year amid pressure from investor Soroban Capital Partners. The gains came after some Wall Street analysts backed the leadership change at the company, which has struggled with labor shortages and service issues. Union Pacific's shares have dropped more than 25% over the past 10 months. Other analysts said a new leadership has the potential to improve the company's operating ratio — a key profitability metric. In its most-recent quarter, the company flagged higher operating expenses caused by operational inefficiencies and the current economic environment hitting its revenue growth.
Analyst Allison Poliniak-Cusic downgraded shares of FedEx to equal weight from overweight in anticipation of lower revenue growth ahead. "FDX's new savings outlook calls for a greater portion of targeted profits to come from cost savings, which implies less from growth, and by extension, lower revenue growth." According to the note, FedEx could grow revenue at a 2% compounded annual growth rate, compared to a historical CAGR of 6% . However, that evolution will take time, measured in years not quarters," Poliniak-Cusic wrote. Thus, we believe there is additional pressure ahead," Poliniak-Cusic added.
A FedEx last-mile delivery van is seen near a FedEx Ground distribution center in Carson, California, U.S., September 16, 2022. Last week, FedEx withdrew the financial forecast it issued just three months ago, adding to investor frustrations about a delay in turnaround. Some analysts said FedEx had enough room to cut costs and pricing power was holding up, for now. "There is abundant evidence that there are excess costs at FedEx, which could be trimmed with proper management focus and execution," Credit Suisse analysts said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kannaki Deka in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
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