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Investing.com - Raiffeisen has raised its price target on CSX (NASDAQ:CSX) stock to $39.00 from $37.00 while maintaining a Buy rating. The new target sits well within the broader analyst range of $27-$45, with InvestingPro data showing the stock currently trading at $35 with a P/E ratio of 20.85.
The firm cited CSX’s ongoing execution of its ONECSX initiatives, which it expects will continue driving operational and cultural improvements for the railroad operator.
Raiffeisen anticipates these improvements will translate to stronger revenues, margins, earnings per share, and free cash flow in future years.
The research firm noted that combining improved service with CSX’s unique internal industrial development strategy could create growth opportunities and potential market share gains over time, potentially driving earnings and free cash flow "stronger than currently anticipated."
Raiffeisen also expressed interest in CEO Hinrichs’ leadership, highlighting his background as a former rail customer and his focus on customer service and employee experience as positive factors for the company.
In other recent news, CSX Corporation’s second-quarter 2025 earnings report revealed a mixed financial performance. The company reported earnings per share of $0.44, surpassing the forecasted $0.42, but its revenue of $3.57 billion slightly missed the anticipated $3.58 billion. Despite the revenue miss, Evercore ISI raised its price target for CSX to $39.00 from $35.00, maintaining an Outperform rating. Barclays (LON:BARC) also increased its price target for CSX to $38.00 from $36.00, expressing continued confidence in the company’s financial performance and market position.
In other developments, Citi has reiterated its Buy rating and set a $42.00 price target on Hess Midstream Partners LP (NYSE:HESM). This comes amid speculation about Chevron (NYSE:CVX)’s potential acquisition plans for the midstream operator. Citi notes that the contract structure of Hess (NYSE:HES) Midstream could be a key factor in Chevron’s decision-making process. These recent developments provide investors with insights into the financial outlook and strategic considerations of these companies.
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