CSX price target raised to $37 from $32 at RBC Capital

RBC Capital raised the firm’s price target on CSX (CSX) to $37 from $32 and keeps a Sector Perform rating on the shares. CSX’s Q2 results were better than expected, though the company did not change its full year guidance, but emphasized that it is seeing renewed momentum off the challenging results that defined its prior quarters, the analyst tells investors in a research note. RBC sees the stock as largely driven in the near-term by merger potential.