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CSX price target raised to $49 from $46 at BofA

BofA raised the firm’s price target on CSX (CSX) to $49 from $46 and keeps a Buy rating on the shares. New CEO Steve Angel, who took over last September, accelerated the company’s service improvements, says the analyst, who sees the company benefiting from improved service efficiencies and the move to streamline its cost structure.

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