RBC Capital raises CSX price target to $51, says railroad is well positioned regardless of consolidation

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Summary · why it matters

RBC Capital raised its price target on CSX Corporation to $51 from $47 while reiterating an Outperform rating. The firm believes CSX is in a strong position regardless of how rail industry consolidation plays out, noting the company has operationally turned around and expects its core business to deliver stronger performance whether or not a merger between Union Pacific and Norfolk Southern moves forward. Earlier, on June 17, BofA increased its price target on CSX to $53 from $51 and maintained a Buy rating, with analyst Ken Hoexter raising second-quarter earnings-per-share estimates by 3% and 2026 and 2027 estimates by 2% after reviewing the company's quarter-to-date update. BofA noted that carloads were up 6.0% year over year during the quarter so far, well above its previous growth estimate of 2.7%.

Impact on stocks 3

Industrials▲ · 3 stocks
CSX Corporation
CSX
▲ PositiveCapitalrelevance

RBC Capital raised price target to $51 and BofA raised to $53, citing strong operational performance and volume growth.

Norfolk Southern Corporation
NSC
± MixedCompetitionrelevance

Mentioned as a potential merger partner with Union Pacific, but no direct impact on Norfolk Southern itself.

Union Pacific Corporation
UNP
± MixedCompetitionrelevance

Mentioned as a potential merger partner with Norfolk Southern, but no direct impact on Union Pacific itself.

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