CSX Corp Receives a Buy from Credit Suisse

By Carrie Williams

Credit Suisse analyst Allison Landry maintained a Buy rating on CSX Corp (NYSE: CSX) yesterday and set a price target of $61. The company’s shares closed yesterday at $53.79, close to its 52-week high of $54.05.

According to TipRanks.com, Landry is a 5-star analyst with an average return of 11.4% and a 65.4% success rate. Landry covers the Services sector, focusing on stocks such as Expeditors International, Echo Global Logistics, and Knight Transportation.

Currently, the analyst consensus on CSX Corp is Strong Buy and the average price target is $59.78, representing an 11.1% upside.

In a report issued on May 23, BMO Capital also reiterated a Buy rating on the stock with a $58 price target.

The company has a one year high of $54.05 and a one year low of $24.43. Currently, CSX Corp has an average volume of 8.16M.

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CSX Corp. engages in the provision of rail, intermodal, and rail-to-truck transload services and solutions to customers, including energy, industrial, construction, agricultural, and consumer products. It includes traditional rail service and transport of intermodal containers and trailers. The company was founded in 1827 and is headquartered in Jacksonville, FL.