Wells Fargo analyst Christian Wetherbee lowered the firm’s price target on CSX (CSX) to $28 from $31 and keeps an Equal Weight rating on the shares. Coming off the firm’s callback, Wells is lowering estimates. Operations remain challenged and it appears real progress may take through the first half to play out. Its estimates assume mid-teens EPS decline this year, some of which has clearly been discounted in shares.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSX:
- CSX price target lowered to $30 from $33 at BofA
- CSX Faces Operational Challenges and Revenue Decline, Hold Rating Maintained Amid Cautious Outlook
- CSX price target lowered to $31 from $35 at Barclays
- CSX Corporation Reports Decline in Q1 2025 Earnings
- Closing Bell Movers: Alcoa slips 2% after Q1 revenue miss