B of A Securities Maintains Buy on CSX, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter maintains a Buy rating on CSX Corporation (NASDAQ:CSX) but lowers the price target from $40 to $39.
April 18, 2024 | 12:06 pm
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B of A Securities maintains a Buy rating on CSX but lowers the price target from $40 to $39.
The adjustment in price target by B of A Securities reflects a slight modification in their valuation assessment of CSX Corporation, possibly due to updated financial forecasts or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. The reduction in price target is relatively minor, suggesting that the overall investment thesis remains strong but acknowledges some adjustments in market expectations or company prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100