RBC Capital Downgrades CSX (CSX) to Sector Perform

September 17, 2021 8:15 AM EDT
Get Alerts CSX Hot Sheet
Price: $34.11 -0.35%

Rating Summary:
    24 Buy, 13 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 19 | New: 48
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RBC Capital analyst Walter Spracklin downgraded CSX (NASDAQ: CSX) from Outperform to Sector Perform with a price target of $32.00 (from $37.00).

The analyst commented, "We lower our rating on CSX shares to Sector Perform from Outperform and our price target to $32 from $37. With estimates declining on supply chain congestion and the lack of any company-specific catalysts to reverse the trend, we see better opportunity on a relative return basis elsewhere in the sector."

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 $30.92 yesterday.

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