Jefferies Raises Price Target on CSX Corp. (CSX)

Jefferies Raises Price Target on CSX Corp. (CSX)


Jefferies reported on Monday that they have increased their price target on railroad operator CSX Corporation (CSX).

The firm maintained its “Buy” rating on CSX and raised its price target on the company from $25 to $29. This price target suggests a 23% increase from the stock’s current price of $22.24.

An analyst from the firm noted, “…we raised our target for CSX to $29 (30% upside). The work in this morning’s 80+ page report, Jefferies’ Second Annual Coal Primer for Transport Analysts gives us increased comfort that market fears over CSX’s earnings risk from coal should fade in 2013. This yields a troughlike multiple on trough-like EPS.”

CSX shares were mostly flat during Monday morning trading. The stock has declined -2% in the past year.

The Bottom Line
Shares of CSX Corporation(CSX) have a 2.52% yield, based on Friday’s closing stock price of $22.24.

CSX Corporation(CSX) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today