BofA Securities analyst Ken Hoexter maintains $CSX Corp (CSX.US)$ with a hold rating, and adjusts the target price from $37 to $36.
According to TipRanks data, the analyst has a success rate of 51.0% and a total average return of 3.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CSX Corp (CSX.US)$'s main analysts recently are as follows:
It is anticipated that the transport results for Q3 may not meet previous expectations due to persistent softness in industrial demand. Nevertheless, a more positive situation is on the horizon with rising North American import activity and a probable contraction in trucking capacity. This is believed to be especially relevant as attention shifts to projections for 2025. While transport fundamentals continue to display a mixed picture and are behind in terms of pricing due to surplus trucking capacity, there appears to be promising prospects within the railroad and less-than-truckload carrier sectors.
The firm has revised downwards its third-quarter earnings per share (EPS) predictions for the rail sector, citing softer yields and a subdued macroeconomic environment, particularly in relation to trucking and the broader transportation industry. This reassessment has also led to a decrease in the firm's EPS forecasts for the year 2025. Adjustments have also been made to the firm's price targets based on these new EPS projections and slight changes to relative target multiples.
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