JP Morgan Reports CSX Solid 2Q

JP Morgan has issued a report on the solid 2Q results from CSX Corp CSX. According to the report, "On Tuesday night, CSX reported solid 2Q11 EPS which were slightly above Consensus and up 23% y/y. Yield growth was strong (10.1% y/y) and better than our expectation (+7.8%) and CSX also improved its OR by 70 bp y/y." CSX is rated Overweight and has a $28 Price Target. CSX closed yesterday at $25.48 a share.