Barclays analyst Brandon Oglenski raised the firm’s price target on CSX (CSX) to $41 from $40 and keeps an Overweight rating on the shares. The firm says transportation equities could benefit from lower U.S. corporate tax rates following the election of Donald Trump. Given higher market multiples and improved sentiment for cyclical U.S. industrial exposure, the firm raised price targets across the group.
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Read More on CSX:
- CSX Announces Key Leadership Change Amid Strategic Growth
- CSX CLO Nathan Goldman to retire, Michael Burns to succeed
- CSX price target raised to $44 from $42 at Citi
- CSX call volume above normal and directionally bullish
- North American rail traffic up 5.9% for the week ending November 2
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