Jefferies Lifts Price Target on CSX (CSX) Ahead of Q4 Report

January 3, 2012 11:02 AM EST
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Price: $50.69 +1.06%

Rating Summary:
    24 Buy, 15 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 18 | New: 20
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Jefferies raised its price target on Buy-rated CSX (NYSE: CSX) from $27 to $29 ahead of Q4 earnings for the group.

The firm see more beats than misses in 4Q as the peak shipping season proved better than feared. They see the biggest downside risk at Canadian Pacific (NYSE: CP) and Heartland Express (Nasdaq: HTLD), where they are 24% and 14% below consensus, respectively. CSX and Knight Transportation (NYSE: KNX) appear to set up well vs. Street estimates, they said.

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 $21.06 yesterday.


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