CSX says overall outlook for Q2 is 'favorable' Expects strong 2013 harvest shipments to continue with an increase in food and beverage shipments. Expects strength in energy-related markets to continue and steel production expected to increase. Expects recovery in residential construction and an increase in wind energy demands. Sees decreased demand for thermal shipments and modest growth for North American vehicle production. Expects moderate increase in short-haul phosphate rock. Comments taken from slides for Q1 earnings conference call.
News For CSX From The Last 14 Days
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CSX price target raised to $38 from $33 at Argus Argus increased its price target on CSX after the company reported stronger than expected Q2 results. The firm remains upbeat on North American railroad companies and keeps a Buy rating on CSX.