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Investing.com - Jefferies raised its price target on CSX (NASDAQ:CSX) to $42.00 from $40.00 on Friday, while maintaining a Buy rating on the railroad operator following its third-quarter results. The stock, currently trading at $35.99, has shown strong momentum with a 31% return over the past six months. According to InvestingPro analysis, CSX is currently trading near its Fair Value.
The freight transportation company delivered what Jefferies described as a "solid beat" in what was considered the last "challenged" quarter for CSX, which would have been even stronger without approximately $35 million in one-off restructuring charges. The company maintains strong profitability with a 47% gross margin and has consistently rewarded shareholders, maintaining dividend payments for 45 consecutive years.
Jefferies expressed increased confidence in CSX’s future trajectory under new CEO Steve Angel, highlighting the company’s strategy to prioritize service quality, gain market share, and accelerate growth.
The firm specifically noted CSX’s potential to monetize new capacity resulting from infrastructure upgrades, factors that contributed to the price target increase.
Jefferies indicated a positive outlook for CSX heading into 2026, describing itself as "bullish on the 2026 setup" for the transportation company.
In other recent news, CSX Corporation reported its third-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.44, compared to the forecasted $0.43. The company’s revenue was $3.59 billion, aligning with projections, despite a slight decline. RBC Capital has maintained its Outperform rating and a price target of $41.00 for CSX, citing a "clear turn-around in operational performance" as a positive factor. This operational improvement was highlighted following the railroad operator’s quarterly results. These developments have been met with investor optimism. The company’s performance and the analyst’s positive outlook reflect confidence in CSX’s recent operational strategies.
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