Dahlman Rose Maintains CSX Outperform, Raises PT

Dahlman Rose maintained its CSX CSX Outperform rating and raised its CSX price target to $30 in a research report published today. In the report, Dahlman Rose states, "Management remains confident in achieving a high 60% operating ratio this year, albeit the risk reserves built into its guidance have been eroded to some degree as it continues to realign resources with demand trends. We believe that productivity should re-accelerate in late 2011 and into 2012 while the main growth drivers remain firmly in place (export coal/intermodal volume and pricing growth, and robust execution)." Shares of CSX were trading at $25.15 at the time of posting, down 1.30% from Tuesday's market close.