BofA raised the firm’s price target on CSX (CSX) to $31 from $30 and keeps a Neutral rating on the shares after the company and the Brotherhood of Locomotive Engineers & Trainmen agreed to a new five-year tentative agreement covering approximately 14.5% of CSX’s total employees. The agreement, improving operations, and volumes show improving potential as CSX moves past a “harsh 2Q start,” though the firm’s FY25 and FY26 EPS estimates remains unchanged, the analyst tells investors.
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