CSX price target raised to $45 from $40 at BMO Capital

BMO Capital raised the firm’s price target on CSX (CSX) to $45 from $40 and keeps a Market Perform rating on the shares. The company reported better-than-expected Q1 results largely driven by stronger cost performance, and despite headwinds to operating margins from higher fuel costs, the management expects EBIT margin improvement at the high end of its targeted 200 to 300 basis point range, the analyst tells investors in a research note.