Ken Hoexter, an analyst from Bank of America Securities, reiterated the Hold rating on CSX (CSX – Research Report). The associated price target was lowered to $30.00.
Ken Hoexter has given his Hold rating due to a combination of factors affecting CSX’s performance. The company faced significant challenges in the first quarter of 2025, including increased costs and network disruptions from the closure of main lines and weather-related congestion. These issues led to a decline in on-time originations and arrivals, impacting overall network performance and service levels.
Additionally, CSX’s revenue and operating income fell year-over-year, with the operating ratio deteriorating compared to previous targets. Despite these challenges, there are expectations for gradual improvements in network fluidity and potential long-term opportunities from increased domestic manufacturing. However, due to the current uncertainties and moderate growth outlook, the price objective was lowered to $30, reflecting a cautious stance on the stock’s near-term potential.
Hoexter covers the Industrials sector, focusing on stocks such as Westinghouse Air Brake Technologies, CSX, and Canadian Pacific Kansas City. According to TipRanks, Hoexter has an average return of 0.8% and a 43.98% success rate on recommended stocks.
In another report released on April 9, TD Cowen also maintained a Hold rating on the stock with a $32.00 price target.