Susquehanna raised the firm’s price target on CSX (CSX) to $39 from $38 and keeps a Neutral rating on the shares. The firm updated its model following Q4 results and noted under new CEO Steve Angel, CSX is focused on the right things to drive shareholder value mid-term; drivingcosts lower and ROIC and cash flows higher, and that can only improve potential long-term merger outcomes.
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