RBC Capital analyst Walter Spracklin lowered the firm’s price target on CSX (CSX) to $30 from $31 and keeps a Sector Perform rating on the shares. The company’s Q1 results were below expectations as CSX incurred $45M in costs associated with network disruption from construction projects, related congestion and inclement weather, the analyst tells investors in a research note. RBC adds that it continues to expect CSX’s earnings growth to materially underperform peers in 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSX:
- Positive Outlook for CSX: Buy Rating Amid Temporary Challenges and Strategic Turnaround
- CSX price target lowered to $31 from $32 at Bernstein
- CSX price target lowered to $34 from $36 at Stephens
- CSX price target lowered to $33 from $34 at Stifel
- CSX Faces Operational and Market Challenges: Hold Rating Recommended