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Fly News Breaks for September 7, 2017
CSX
Sep 7, 2017 | 08:36 EDT
Susquehanna analyst Bascome Majors said he remains new money buyers of CSX shares following management's update, which included a lowered earnings outlook. He said they suggested the lowered outlook was due to temporary issues rather than structural ones and showed a constructive view toward sequential service improvement and long-term financial outcomes ahead of their October investor day. Major reiterated his Positive rating and lowered his price target to $59 from $63 on CSX shares.
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.