CSX price target raised to $40 from $38 at Jefferies

Jefferies analyst Stephanie Moore raised the firm’s price target on CSX (CSX) to $40 from $38 and keeps a Buy rating on the shares. Fundamentals at CSX are showing strong momentum into year-end with weekly volumes accelerating thanks to recently announced partnerships and infrastructure project headwinds having passed, notes the analyst, who views the CEO change announced by the board as building on this strong momentum and being meant to accelerate shareholder returns.