Information Provided By:
Fly News Breaks for March 2, 2018
CSX
Mar 2, 2018 | 06:11 EDT
Deutsche Bank analyst Amit Mehrotra says CSX's analyst meeting did not disappoint as management supported the previously disclosed 2020 margin target "with confidence, enthusiasm, and plenty of detail." The analyst calls CSX, his top rail pick, a "lean, mean, cash machine." He reiterates a Buy rating on the shares with a $70 price target.
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.