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Fly News Breaks for January 7, 2020
Jan 7, 2020 | 09:47 EDT
Susquehanna analyst Bascome Majors upgraded CSX (CSX) to Positive from Neutral with a price target of $87, up from $74. The analyst remains constructive on the rails, saying 2019's cost cutting "passes the baton" to a broader-based volume recovery by Q4 of 2020. This should drive stocks in the space higher "ahead of a brighter 2021," Majors tells investors in a research note. The analyst calls CSX his top value pick, and he remains a buyer of both Norfolk Southern (NSC) and Union Pacific (UNP).