Stifel analyst Michael Baudendistel downgraded CSX to Hold from Buy as he no longer sees a solid reason why shares should outperform the market in the next twelve months. In 2018, "most everything went right and then some" for CSX and he sees that as unlikely to fully repeat in 2019, Baudendistel tells investors. The analyst, who believes CSX has the lowest revenue growth potential in the next two years among railroads he covers, keeps a $74 price target on the shares.
UBS analyst Thomas Wadewitz lowered the firm's price target on CSX to $44 from $46 and keeps a Buy rating on the shares. CSX's Q1 EPS was modestly above consensus, showing improvement in the Purchased Services and Other expense line and providing positive commentary on their outlook for volumes, the analyst tells investors in a research note. The Q1 report was solid and CSX provided a constructive outlook, UBS contends.
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