Wells Fargo Starts CSX (CSX) at Equal Weight

Wells Fargo analyst Christian Wetherbee initiates coverage on CSX (NASDAQ: CSX) with a Equal Weight rating and a price target of $35.00.

The analyst comments "Quiet Execution Among Rail "Stories" - CSX is a high-quality rail that continues to execute relatively smoothly without meaningful drama or noise. Its multiple is the lowest of the group, which is attractive in its own right, but EPS growth lags peers' to some extent, making relative valuation look appropriate; and given already strong operational execution, we don't see a clear near-term margin catalyst unique to CSX that could spark real upside to consensus estimates."

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 $33.05 yesterday.

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