Dahlman Rose Reiterates CSX Buy, Maintains $30 PT

Dahlman Rose reiterated its CSX CSX Buy rating and maintained its CSX $30 price target in a research report published today. In the report, Dahlman Rose states, "CSX announced an increase in its 2011 capital investment plan from $2.0 Bn to $2.2 Bn. The increase is primarily due to railcar purchases intended to meet export coal demand. We believe export coal outlook remains very favorable." Shares of CSX closed at $25.86, up 0.58% from Tuesday's market close.