CSX Corporation Declares Quarterly Dividend
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UBS Remains Sidelined on CSX Corp. (CSX) Following 2Q Call - PT to $31
July 15, 2016 9:04 AM EDTUBS reiterated a Neutral rating on CSX Corp. (NASDAQ: CSX), and raised the price target to $31.00 (from $27.00), following the company's 2Q conference call. The combination of an upside 2Q earnings report and better than anticipated cost performance from CSX may set a... More
Stifel Affirms CSX Corp. (CSX) at 'Buy'; Q2 Shows Volume, Pricing Remain Wonky
July 14, 2016 11:37 AM EDTStifel affirms CSX Corp. (NYSE: CSX) at Buy with a price target of $28 following Q2 results issued Wednesday night.
Analyst John G. Larkin offered the following commentary and highlights:
Same store sales (+2.9%) continue to diverge from RPU (-2.7%). Its clear that RPU is down thanks to lower fuel and negative mix, but what is not as apparent is what portion of business same store sales contributes to. We expect this trend to continue across nearly all rails so long as coal and other commodities remain so depressed.Rising... More