CSX Gets Price Target Hikes By Analysts After Strong Q1 Results

CSX Corp CSX reported strong first-quarter results.

CSX said first-quarter revenue increased 9% year-over-year to $3.71 billion, which beat average analyst estimates of $3.58 billion. The railroad company reported quarterly earnings of 48 cents per share, which beat estimates of 43 cents per share.

CSX shares gained 3.2% to $31.80 in today’s pre-market trading session.

These analysts made changes to their price targets on CSX following earnings announcement.

• Susquehanna boosted the price target on CSX from $32 to $34. Susquehanna analyst Bascome Majors maintained a Neutral rating.
• UBS raised the price target on CSX from $31 to $33. UBS analyst Thomas Wadewitz maintained the stock with a Neutral rating.
• Citigroup raised the price target on CSX from $32 to $33. Citigroup analyst Christian Wetherbee maintained the stock with a Neutral.
• Raymond James increased the price target on CSX from $34 to $35. Raymond James analyst Patrick Brown maintained the stock with an Outperform.
• Morgan Stanley increased the price target on CSX from $24 to $26. Morgan Stanley analyst Ravi Shanker maintained an Equal-Weight rating on the stock.

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