CSX: ‘Major Improvement’ Coming This Year

CSX Corp. (CSX) is trading higher on Friday, on the heels of its beat-and-raise first quarter, as well as an upgrade from Raymond James.

Analysts Patrick Tyler Brown and Charles Wohlhuter raised their rating on the stock from Market Perform to Outperform, with a $55 price target. They write that the upgrade comes thanks to their confidence in CEO Hunter Harrison, and their belief that the company is at an inflection point, with margins and free cash flow set to increase in coming years.
Source: Barrons

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