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Fly News Breaks for February 22, 2016
CSX
Feb 22, 2016 | 07:09 EDT
BofA/Analyst Ken Hoexter upgraded CSX to Buy and increased his price target to $28 from $25 on shares. The analyst said overall industry volume comps begin to get easier beginning in April and believes CSX's multiple should expand as volume stabilize and coal pressures subside. Hoexter expects productivity gains to drive double-digit sustainable earnings growth longer-term and operational improvements to offset some inflation costs.
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