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.
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