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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Read More on CSX:
- CSX: Operational Outperformance, Freight Growth Tailwinds, and Infrastructure Pipeline Support Reiterated Buy and Higher $45 Target
- CSX price target raised to $47 from $40 at Barclays
- CSX price target raised to $41 from $37 at Goldman Sachs
- CSX downgraded to Hold from Buy at Vertical Research
- CSX downgraded to Underweight from Equal Weight at Morgan Stanley
