BUZZ-Brokerages lift CSX PT after quarterly results beat estimates

Reuters
Oct 17
BUZZ-Brokerages lift CSX PT after quarterly results beat estimates

** Brokerages raise PT on CSX CSX.O after the railroad operator's Q3 results beat estimates

** Shares of the company rise 2% to about $37 premarket

** Jefferies says co beat expectations, with strong leadership boosting confidence in its growth and service outlook

** However cuts Q4 adj.EPS forecast to 43 cents from 44 cents

** J.P.Morgan notes CSX's upcoming projects and partnerships are expected to boost volumes and cut costs in 2026

** TD Cowen adds co is expected to benefit from infrastructure upgrades and operational efficiencies in 2026, with stable headcount and reduced external headwinds supporting margin expansion

** 20 of 28 brokerages rate the stock "buy" or higher, 8 "hold"; median PT is $40- data compiled by LSEG

** As of last close, stock has risen 11.4% YTD

Brokerages

New PT

Old PT

Upside from the stock's last close

Jefferies

$42

$40

16.7%

J.P.Morgan

$41

$40

13.9%

TD Cowen

$39

$38

8.4%

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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