Evercore ISI raised the firm’s price target on CSX (CSX) to $39 from $37 and keeps an Outperform rating on the shares. Q3 EPS of 44c beat the firm’s and the Street’s forecasts, driven by stronger Coal and Intermodal RPU and a favorable tax rate, the analyst tells investors. The end of project-related costs is expected to drive significant EPS growth next year, with a projected 210 basis point margin expansion, the analyst noted.
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