TD Newcrest Upgrades CSX (CSX) to Buy; Delivered a Modest Upside Surprise
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Price: $25.92 +0.86%
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
11 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade CSX Now!
TD Newcrest upgraded CSX (NYSE: CSX) from Hold to Buy. PT $93.
TD analyst said, "We are attracted to CSX’s exposure to export coal and domestic intermodal conversion activity, its leverage to the upturn in truck and LTL pricing, and its consistent execution. The stock has underperformed its peers since the Q1/11 reporting season began, and now offers among the highest implied rates of return to our target price within the group. CSX is trading at 14.2x our FTM EPS estimate versus the group average of 14.6x."
For more ratings news on CSX click here and for the rating history of CSX click here.
Shares of CSX closed at $78.11 yesterday, with a 52 week range of $46.51-$80.27.
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TD analyst said, "We are attracted to CSX’s exposure to export coal and domestic intermodal conversion activity, its leverage to the upturn in truck and LTL pricing, and its consistent execution. The stock has underperformed its peers since the Q1/11 reporting season began, and now offers among the highest implied rates of return to our target price within the group. CSX is trading at 14.2x our FTM EPS estimate versus the group average of 14.6x."
For more ratings news on CSX click here and for the rating history of CSX click here.
Shares of CSX closed at $78.11 yesterday, with a 52 week range of $46.51-$80.27.
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Bill on May 2, 2011 09:34 PMMark as Spam | Reply to this comment
you up grade CSX account of coal, and downgrade NSC. Dont you Morons know NSC hauls as much if not more coal than CSX domestic and overseas. NSC is expanding their intemodal by leaps and bounds for larger growth. Do you know a locomotive from a caboose?