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Fly News Breaks for April 21, 2017
CSX
Apr 21, 2017 | 07:14 EDT
UBS analyst Thomas Wadewitz noted CSX delivered a Q1 upside surprise. Also, given the earnings commentary, he believes the company's complex network of rails translates into a greater cost savings opportunity as the flow of traffic is simplified and number of work events/touches is reduced. Wadewitz reiterated his Buy rating and raised his price target to $60 from $57 on CSX shares.
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