Deutsche Bank Reports On CSX Following Investor Day

Deutsche Bank is reiterating its Buy rating and its $89 price target on CSX Corp. CSX after attending the company's Investor Day. Says Deutsche Bank, in the report, “We came away from CSX's Investor Day with increased conviction in our thesis as the company is poised to drive strong earnings growth (the company sees an 18- 20% EPS CAGR through 2015) given a favorable pricing environment, potential for further productivity gains, and volume growth. CSX's new Northwest Ohio Intermodal hub lived up to its billing and helped highlight Intermodal's strong long- term growth potential. We continue to be buyers of CSX shares given compelling valuation, solid growth prospects, and earnings growth potential.” CSX closed yesterday at $75.44.