As previously reported, Stephens analyst Justin Long downgraded CSX to Equal Weight from Overweight after the company reported Q2 results that missed consensus, reduced its revenue guidance and provided more muted commentary on demand. Given headwinds from a softer economy, loose truckload capacity, weaker coal fundamentals, the loss of a crude-by-rail customer that represented 1% of volumes and tougher comps, Long said he thinks revenue trends could remain under meaningful pressure for six to twelve months. He cut his price target on CSX shares to $79 from $86.