RBC Capital Downgrades CSX to Sector Perform, Announces $35 Price Target
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Walter Spracklin has downgraded CSX (NASDAQ:CSX) from Outperform to Sector Perform and set a price target of $35.
July 31, 2023 | 9:28 am
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CSX has been downgraded by RBC Capital from Outperform to Sector Perform with a new price target of $35.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for CSX. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $35 also suggests that the analyst believes the stock is currently overvalued, which could further pressure the stock price.
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