Stifel lowered the firm’s price target on CSX (CSX) to $33 from $34 and keeps a Buy rating on the shares after CSX posted “a sloppy quarter,” as expected. Factors such as ongoing storm clean-up, logistics challenges related to the Howard Street Tunnel, weather, and lower coal prices should generally improve over the course of the year, but they may be replaced by economic challenges, the analyst added in a post-earnings note.
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Read More on CSX:
- CSX Faces Operational and Market Challenges: Hold Rating Recommended
- CSX price target lowered to $33 from $34 at Raymond James
- CSX Positioned for Growth: Buy Rating Amid Operational Challenges and Attractive Valuation
- CSX Faces Operational Challenges Amidst Macroeconomic Uncertainties, Holds Rating Despite Recovery Efforts
- CSX price target lowered to $28 from $31 at Wells Fargo
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