CSX price target raised to $38 from $36 at Barclays

Barclays raised the firm’s price target on CSX (CSX) to $38 from $36 and keeps an Overweight rating on the shares post the Q2 report. The company posted solid cost recovery and management’s optimism on volumes is positive for the fundamental outlook, the analyst tells investors in a research note. The firm believes takeover speculation will likely to dominate investor focus for the time being, however.