UPDATE: Stifel Downgrades CSX (CSX) to Hold

Stifel analyst David Ross downgraded CSX (NASDAQ: CSX) from Buy to Hold with a price target of $92.00 (from $88.00).

The analyst comments "CSX reported 4Q20 adjusted EPS of $1.04, ahead of the Street consensus estimate of $1.01 but in-line with our estimate, as we expected solid results, given the healthy volume growth we saw during the quarter. The 57.0% operating ratio (OR) was 50bp better than the Street but in-line with our model. The company continues to execute well with above-average growth in a challenging labor environment. Were it not for the COVID-related issues leading to temporary staffing shortages, we believe service, volume, and margins could've been even higher in 4Q20. Even so, we're lowering our rating to Hold due to valuation."

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 $91.61 yesterday.

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