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Fly News Breaks for October 18, 2018
CSX
Oct 18, 2018 | 07:50 EDT
Argus analyst John Eade raised his price target on CSX to $84 and kept his Buy rating after its Q3 results, saying the company's earnings were "sharply higher". The analyst further notes that while the stock price has outperformed the broader market, he sees more gains ahead, as improving broader economic environment is boosting volumes for goods and commodities. Eade adds that CSX earnings saw an added tailwind from lower tax rates, while the management's recent dividend increase and stock buyback signals its confidence in the company's value.
News For CSX From the Last 2 Days
CSX
Apr 24, 2024 | 13:58 EDT
