CSX price target raised to $32 from $30 at Susquehanna

Susquehanna analyst Bascome Majors raised the firm’s price target on CSX to $32 from $30 and keeps a Neutral rating on the shares. The analyst said 2023’s discrete headwinds should pull consensus EPS to more cyclically realistic levels, while noting the firm raised their prior Street-low forecast on better than feared outlooks for coal and merchandise.