CSX upgraded to Outperform from Sector Perform at RBC Capital RBC Capital upgraded CSX and believes the met coal market is at a bottom and the company will benefit from improving volumes. Price target raised to $27 from $25.
News For CSX From The Last 14 Days
Check below for free stories on CSX the last two weeks.
Wolfe Trahan to host a conference 6th Annual Global Transportation Conference is being held in New York and will begin with dinner meetings on May 21 at 5:30 pm, followed by company presentations on May 22-23.
CSX CFO Fredrik Eliasson reaffirms 2013 view as a transitional year On the company presentation, at the Well Fargo Industrial & Construction Conference, the CFO restated expectations of 2013 being another transition year, expecting full-year EPS to be flat to slightly down from 2012 as the railroad company continues to face headwinds in coal. The company sees earnings growth and operating ratio improvement in 2014 and 2015. Over those two years, CSX is targeting average annual earnings per share growth of 10% to 15% off the 2013 base.
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