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BUZZ-CSX falls after Q4 results, brokerages trim PT

Reuters
Jan 24, 2025
BUZZ-CSX falls after Q4 results, brokerages trim PT

** Shares of railroad operator CSX CSX.O fall more than 3% to $32 in morning trade

** CSX reported Q4 profit in line with Wall Street estimates on Thursday as decline in coal revenue offset gains from volume growth in its intermodal segment

** CSX Q4 profit of 42 cents per share was down 6.7% from last year, but in line with analysts' estimates, according to LSEG data

** "Lower coal prices paired with environmental factors and service disruptions should make first half of the year particularly challenging" - Stifel analyst Benjamin Nolan

** At least 7 brokerages have cut CSX's PT after Q4 results

** 20 of 28 brokerages rate the stock "buy" or higher and 8 "hold"; median PT is $38 - LSEG data

** Stock was down ~7% in 2024

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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