In a report released today, Ken Hoexter from Bank of America Securities maintained a Hold rating on CSX (CSX – Research Report), with a price target of $35.00.
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Ken Hoexter has given his Hold rating due to a combination of factors affecting CSX’s performance. The company’s carload growth has been slightly below expectations, with certain segments like Intermodal and Fertilizers underperforming previous targets. Despite these challenges, there have been improvements in service metrics such as car miles per day and velocity, which have positively impacted the operating ratio.
Furthermore, while the revenue per carload is expected to decline due to factors like reduced fuel surcharges and soft truck rates, the company’s improved service performance has led to a slight increase in the price objective to $35. Although there is an anticipation of a return to double-digit growth in 2026, the expected decline in EPS for 2025 supports the decision to maintain a Neutral stance on the stock.
According to TipRanks, Hoexter is a 3-star analyst with an average return of 1.4% and a 48.39% success rate. Hoexter covers the Industrials sector, focusing on stocks such as CSX, XPO, and Knight Transportation.
In another report released on June 6, Wells Fargo also maintained a Hold rating on the stock with a $28.00 price target.
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