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Fly News Breaks for April 27, 2015
CSX
Apr 27, 2015 | 10:40 EDT
UBS said CSX's (CSX) strong trading volume over the past six days suggests an activist investor, or non-activist investor is building a position. The firm said volume trend and stock performance of Canadian Pacific (CP) during September and October 2011 when Pershing Square was acquiring a position is similar to recent volume and price performance in CSX. Shares are Neutral rated with a $35 price target.