RBC Capital analyst Walter Spracklin lowered the firm’s price target on CSX (CSX) to $40 from $41 and keeps an Outperform rating on the shares as part of a broader research note previewing Q4 for Class 1 Railroads. The firm is updating its models with refreshed estimates reflecting carload trends, management commentary at conferences, and its own channel checks, the analyst tells investors in a research note.
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