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Fly News Breaks for July 20, 2017
CSX
Jul 20, 2017 | 08:15 EDT
BMO Capital analyst Fadi Chamoun,says that CSX's Q2 results indicate that the company's operations are continuing to improve. The analyst predicts that the company's EPS will probably reach $3.75-$4 within four years. He recommends buying the stock on weakness.
News For CSX From the Last 2 Days
CSX
Mar 27, 2024 | 08:04 EDT
JPMorgan analyst Brian Ossenbeck anticipates intermodal shipments will divert away from the Port of Baltimore following the Francis Scott Key bridge collapse to other Eastern ports. The impact for rail auto volumes appears minimal given the activity at the port is primarily contained to local markets served by truck, the analyst tells investors in a research note. The firm thinks the biggest negative impact will be on export coal volume for CSX which is shipped from the Curtis Bay terminal in the area while Norfolk could pick up some volume if it is diverted to Hampton Road. The ultimate impact will depend on how quickly the port resumes operations and at this point the U.S. government has already made a statement supporting the reconstruction, JPMorgan says.