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CSX Corp. (CSX) Is Cramer's Favorite Rail
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On Mad Money last night, Jim Cramer was asked about CSX Corp. (NYSE: CSX) during the Lightning Round.
Cramer pointed out that even on a day when the Dow Jones was down more than 200 points, CSX still rallied, hitting a new 52-week high at $70.70. Shares of CSX were up more than 4% at its high of the day, but pulled back to finish the session up just a percent, selling off with the broader markets.
Cramer called CSX his "favorite rail" and added that if the the auto industry starts to turn around, this stock could easily hit $100. Currently trading around $69, investors would see a return of more than 40% if Cramer's price target was reached.
CSX Corporation provides rail-based transportation services in North America.
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