Raymond James lowered the firm’s price target on CSX to $40 from $41 and keeps an Outperform rating on the shares. Raymond James expects CSX’s ONECSX initiatives will continue to drive operational improvement, translating to stronger revenues, margin, EPS, and free cash flow gains in the coming years. The firm also remains intrigued by the possibilities with newly minted CEO Hinrichs and his clear focus on customer service and the employee experience, the analyst tells investors in a research note.
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