CSX price target lowered to $31 from $35 at Barclays

Barclays analyst Brandon Oglenski lowered the firm’s price target on CSX (CSX) to $31 from $35 and keeps an Overweight rating on the shares. The company’s Q1 was even weaker than the “soft” management outlook and continuing network service challenges could linger into Q3, the analyst tells investors in a research note. The firm says that while CSX shares are cheap, lower revisions and an uncertain macro outlook are likely to keep investors hesitant on the long-term value opportunity.