CSX price target raised to $47 from $43 at RBC Capital

RBC Capital analyst Walter Spracklin raised the firm’s price target on CSX (CSX) to $47 from $43 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company’s operating ratio still showed improvement, which bodes well for costs going forward, the analyst tells investors in a research note. RBC adds that while it has noted an improvement in volume outlook, this was not factored into the higher revenue guide.