Morgan Stanley Sees Silver Linings in 1Q Operating Challenges for CSX Corporation - CSX (NASDAQ:CSX)

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In a report published Monday, Morgan Stanley analyst William J. Greene reiterated an Overweight rating and $29.00 price target on

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CSX Corporation

(NYSE: CSX).In the report, Morgan Stanley noted, “We took CSX mgmt on the road to meet with investors last week, and came away with a renewed sense of conviction in the idiosyncratic nature of CSX's long-term mid-60s OR target. Moreover, we see a possibility of 2H surprises if recent severe weather resets dom. coal inventories.”CSX Corporation closed on Friday at $27.71.