JP Morgan Upgrades CSX to Overweight, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has upgraded CSX (NASDAQ:CSX) from Neutral to Overweight and raised the price target from $37 to $40.

October 11, 2023 | 9:45 am
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POSITIVE IMPACT
JP Morgan's upgrade of CSX to Overweight and increase in price target could lead to a positive short-term impact on the stock.
Analyst upgrades often lead to a positive reaction in the stock market as they indicate a bullish outlook for the company. In this case, JP Morgan's upgrade of CSX to Overweight and increase in price target from $37 to $40 suggests they believe the stock will outperform the market, which could lead to increased investor interest and a potential rise in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100