Stifel Nicolaus Upgrades CSX (CSX) to Buy, $51 Price Target

November 3, 2009 8:27 AM EST

Prior to news that Warren Buffett's Berkshire Hathaway will purchase Burlington Northern for $100/share (and the ensuing surge in the entire Railroad sector), an analyst at Stifel Nicolaus upgraded shares of CSX Corp. (NYSE: CSX) from Hold to Buy. The analyst also set a $51 price target on the stock.

In the pre-market session, the stock most recently traded at $46, up 7.4% from yesterday's closing price.

To see all the analyst action on shares of CSX, visit our Analyst Ratings page.

CSX Corporation, together with its subsidiaries, provides rail-based transportation services in North America.


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