Raymond James has decided to maintain its Outperform rating of CSX CSX and lower its price target from $36.00 to $31.00.
Shares of CSX are trading up 1.74% over the last 24 hours, at $26.97 per share.
A move to $31.00 would account for a 14.94% increase from the current share price.
Operating in the Eastern United States, Class I railroad CSX generated revenue near $12.5 billion in 2021. On its more than 21,000 miles of track, CSX hauls shipments of coal (13% of consolidated revenue), chemicals (22%), intermodal containers (16%), automotive cargo (9%), and a diverse mix of other bulk and industrial merchandise.
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