Goldman Sachs Resumes CSX (CSX) at Buy

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Goldman Sachs resumes coverage on CSX (NYSE: CSX) with a Buy and $25 price target, suggesting 12% upside.

The firm comments, "With the bottom in domestic utility coal very close, we see limited downside in the name and believe the shares can work higher as investors shift focus to non-coal segments which are performing well YTD. We think the valuation discount to the group will narrow when the bottom in coal materializes (likely a 3Q or 4Q event)."

For an analyst ratings summary and ratings history on CSX click here. For more ratings news on CSX click here.

Shares of CSX closed at $22.25 yesterday, with a 52 week range of $17.69-$26.27.

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