JP Morgan Downgrades Burlington Northern, Favors Others in Sector - BNI FirmBY Midnight Trader
— 07:34 AM ET 11/04/2009
07:34 AM Eastern Standard Time, 11/04/2009 (MidnightTrader) -- JP Morgan cuts BNSF (BNI) to Neutral vs Overweight, saying they see limited upside for shares in light of Berkshire Hathaway's (BRK/A) (BRK.B) deal to acquire the railroad for $100 a share, MarketWatch reports.

Instead, the analyst favors swapping BNI for shares in rivals Union Pacific (UNP) or CSX (CSX).

BNI jumped 27% in Tuesday's regular trading and tacked on 0.5% last evening. This morning, shares are firming to 97.49 in early trades.