Bernstein raises rail operators' PT expecting stronger carload outlook

** Bernstein lifts price target on rail operators CSX CSX, Norfolk Southern NSC and Union Pacific UNP, driven by better-than-expected carload volumes, improved market sentiment and attractive stock valuations

** Says carload volumes came in slightly above expectations for the quarter, helping rail stocks recover after a broader market dip earlier in Q2 caused by U.S. trade policy concerns

** Brokerage has updated its rail models to reflect slightly stronger volumes, with UNP benefiting from strong coal demand and better pricing power

** However, it says CSX and NSC may face some coal-related volume pressure

** Rating of Norfolk and Union Pacific unchanged at "outperform" and CSX unchanged at "market-perform"

** As of last close, S&P 500 Rail Transportation (Sub Ind) (.SPLRCRAIL) had risen 4.6% YTD