Analysts Bump Up CSX Price Target Post Q1 Results

CSX Corp's CSX price target has been raised by two analysts post Q1 results.
Raymond James analyst Patrick Tyler Brown raised CSX’s price target to $40 (an upside of 10%) from $39 while maintaining the Outperform rating on the shares.
The analyst states that CSX continues to execute its PSR initiatives to drive operational improvement, translating to more substantial revenues, margin, EPS, & FCF gains in coming years.
Brown is encouraged by CSX’s commitment to adding key resources (T&E employees) to turn the tide on service for the better.
The analyst believes combining improved service with a unique internal (industrial development) & external (M&A) growth strategy could open up growth conduits and market share opportunities over time, ultimately driving earnings and FCF longer term – possibly stronger than currently anticipated.
Susquehanna analyst Bascome Majors raised the price target to $45 (an upside of 24%) from $44 while maintaining a Positive rating on the shares.
Price Action: CSX shares are trading higher by 2.9% at $36.33 on the last check Thursday.

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