Deutsche Bank Provides Color on CSX

Deutsche Bank provided color on CSX CSX. In a research report published today, Deutsche Bank commented on the company's Q2 results. In the report, Deutsche Bank states, “Yesterday after the close, CSX reported Q2 EPS of $0.46 above our estimate of $0.43 and Consensus of $0.44. Upside was driven by a combination of better-than-expected yields (with revenue/unit up 10% y/y vs. our estimate of up 8% y/y) and margins as the company generated a 69.3% OR, which was 20bps better-than-expected.” At the moment, Deutsche Bank has a Buy rating and a price target of $30 placed on the company's stock. On Tuesday, CSX added 12.15% to its value to end the day at $25.48. Its shares continued to climb in today's pre-market trading, rising 3.26% to $26.31.