BofA lowered the firm’s price target on CSX to $39 from $40 and keeps a Buy rating on the shares after the company reported Q1 EPS of 46c, which was down 2% year-over-year, but above the firm’s and Street’s 45c forecast. Despite challenges from weather in January and the collapse of Baltimore’s Key Bridge, CSX reiterated its 2024 low- to mid-single digit volume and revenue growth targets, the analyst noted.
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