CSX (CSX) PT Lowered to $37 at Jefferies
Jefferies analyst Stephanie Moore lowered the price target on CSX (NASDAQ: CSX) to $37.00 (from $38.00) while maintaining a Hold rating.
The analyst commented: "CSX reported 3Q EPS that was $0.02 or 4% below expectations with OR a 50bp miss as mix headwinds and hurricane activity weighed on results. Importantly, with these headwinds expected to be more pronounced in the 4Q while battling what remains a challenging and uncertain underlying freight macro, we lower our 4Q and 2025 EPS ests 12% and 6% respectively. At 17x our 2025 EPS and 15x our 2026 estimate, maintain Hold. The company will host an investor day in 3wks."