JP Morgan Maintains Overweight on CSX, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck has maintained an Overweight rating on CSX Corporation (NASDAQ:CSX) but has reduced the price target from $40 to $39.

December 21, 2023 | 3:11 pm
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NEUTRAL IMPACT
JP Morgan has maintained an Overweight rating on CSX but lowered the price target from $40 to $39, indicating a slightly reduced but still positive outlook.
The reduction in price target by JP Morgan suggests a slight decrease in optimism regarding CSX's future price performance, but the maintenance of an Overweight rating implies that the analyst still sees the stock outperforming. This could lead to a neutral short-term impact on the stock as the market digests the mixed signals of continued confidence with a lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100