CSX price target raised to $37 from $35 at Wells Fargo

Wells Fargo raised the firm’s price target on CSX (CSX) to $37 from $35 and keeps an Equal Weight rating on the shares. The firm says that coming off its callback, it is modestly raising estimates. Operations improved in Q2 and financials followed, although a few one-time items limit the benefit to the second half of the year, Wells adds. With the door open for merger discussions, the firm would expect sentiment to remain positive.