CSX Corp. (CSX) Is Cramer's Favorite Rail

On Mad Money last night, Jim Cramer was asked about CSX Corp. (NYSE: CSX) during the Lightning Round.

Cramer pointed out that even on a day when the Dow Jones was down more than 200 points, CSX still rallied, hitting a new 52-week high at $70.70. Shares of CSX were up more than 4% at its high of the day, but pulled back to finish the session up just a percent, selling off with the broader markets.

Cramer called CSX his "favorite rail" and added that if the the auto industry starts to turn around, this stock could easily hit $100. Currently trading around $69, investors would see a return of more than 40% if Cramer's price target was reached.

CSX Corporation provides rail-based transportation services in North America.

You May Also Be Interested In

• Under Armour, Inc. (UAA) PT Lowered to $9 at UBS
• Five9, Inc (FIVN) PT Raised to $28 at DA Davidson
• Wendy's (WEN) PT Raised to $8 at UBS