Barclays analyst Brandon Oglenski maintains $CSX Corp (CSX.US)$ with a buy rating, and maintains the target price at $40.
According to TipRanks data, the analyst has a success rate of 56.4% and a total average return of 7.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CSX Corp (CSX.US)$'s main analysts recently are as follows:
The expectation is that Q3 transport results may be slightly softer than previous forecasts, owing to persistent weakness in industrial demand. Yet, there seems to be an improvement in North American import activity and a probable reduction in trucking capacity, which could create a more advantageous environment as the focus shifts towards 2025 projections. Transport fundamentals are considered to be varied, with pricing outcomes not yet fully realized due to surplus trucking capacity. Despite this, there are perceived opportunities within the railroad and less-than-truckload carrier sectors.
The firm has revised its earnings per share (EPS) forecasts for the railway sector, expecting a decrease 'across the board' for Q3, influenced by softer yields and a subdued macroeconomic environment, particularly relating to the trucking and broader transportation market. These revisions have also led to changes in the firm's EPS projections for 2025.
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