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Fly News Breaks for April 18, 2018
CSX
Apr 18, 2018 | 05:55 EDT
Deutsche Bank analyst Amit Mehrotra views CSX's Q1 earnings release and conference call as an "almost perfect" start to 2018. Operating margin improved over 550 basis points year-over-year and management's tone was positive on the conference call, Mehrotra tells investors in a research note titled "Hunter would be proud; Blockbuster 1Q; Maintain Buy." The analyst keeps CSX as his top pick in Rails.
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.