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Fly News Breaks for October 17, 2018
CSX
Oct 17, 2018 | 06:13 EDT
Loop Capital analyst Rick Paterson raised his price target on CSX to $85 and kept his Buy rating after its Q3 earnings beat, also saying that the company is closing in on its 60% operating ratio target "sooner than everyone". The analyst further contends that while CSX had "very easy comps" in the quarter since Q3 of 2017 was when it "blew up the network during the merchandise operating restructure", he believes that the company has the best financial momentum of any Class I rail in North America.