Stifel lowered the firm’s price target on CSX (CSX) to $33 from $34 and keeps a Buy rating on the shares after CSX posted “a sloppy quarter,” as expected. Factors such as ongoing storm clean-up, logistics challenges related to the Howard Street Tunnel, weather, and lower coal prices should generally improve over the course of the year, but they may be replaced by economic challenges, the analyst added in a post-earnings note.
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