These Analysts Cut Their Forecasts On CSX After Q2 Results
Portfolio Pulse from Lisa Levin
CSX Corporation reported Q2 earnings in line with expectations, but sales missed estimates. The company's shares fell 4.5% in pre-market trading. Following the earnings announcement, Citigroup, Susquehanna, and BMO Capital adjusted their price targets on CSX.
July 21, 2023 | 12:14 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CSX Corporation's Q2 earnings were in line with expectations, but sales missed estimates, leading to a drop in share price. Analysts from Citigroup, Susquehanna, and BMO Capital have adjusted their price targets on the company.
CSX Corporation's Q2 earnings report showed sales missing estimates, which is a negative signal for investors and can lead to a decrease in share price. This is reflected in the 4.5% drop in pre-market trading. Additionally, the adjustment of price targets by analysts from Citigroup, Susquehanna, and BMO Capital indicates a potential change in market sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100