RBC Capital lowered the firm’s price target on CSX to $36 from $37 and keeps a Sector Perform rating on the shares. The company’s Q1 results were in-line, but despite the headwinds that emerged during the quarter, including Baltimore port outage, softer truck market, weaker domestic coal, and a deterioration in operating metrics, CSX nevertheless reiterated its guidance, the analyst tells investors in a research note. RBC adds however that while CSX shares are screening as attractive, its mid-single digit EPS growth is “below peers”.
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