CSX's stock falls after analyst's downgrade, citing valuation and 'less exciting' 2019 [MarketWatch]
CSX Corporation (CSX)
Last csx corporation earnings: 4/22 04:02 pm
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Source: MarketWatch
CSX's stock falls after analyst's downgrade, citing valuation and 'less exciting' 2019 Shares of CSX Corp. CSX, -0.69% fell 1.8% in premarket trade, after the railroad company was downgraded by analyst Michael Baudendistel at Stifel Nicolaus, citing concerns over valuation and a "less exciting" 2019. Baudendistel cut his rating to hold, after being at buy for the past year. After "most everything went right" for CSX the past couple of years, Baudendistel said he "no longer sees a solid reason why shares should outperform that market" in the next 12 months. The stock had soared 29.1% over the past 12 months, the best performer within the Dow Jones Transportation Average DJT, -0.16% over the same time, while the Dow transports slipped 1.2% and the Dow Jones Industrial Average DJIA, +0.02% gained 3.7%. "Among our railroad models, we believe CSX has the lowest revenue growth potential in the next two years," Baudendistel wrote in a note to clients. He also expects the pace of margi
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CSX
News
- CSX Executive Vice President and Chief Commercial Officer to Address Bank of America Transportation, Airlines and Industrials Conference [Yahoo! Finance]Yahoo! Finance
- CSX Executive Vice President and Chief Commercial Officer to Address Bank of America Transportation, Airlines and Industrials ConferenceGlobeNewswire
- Railroad CEO Isn't Ruthless Enough for Investors After Toxic Crash [BNN Bloomberg (Canada)]BNN Bloomberg
- Canadian Pacific KC (CP) Q1 Earnings Lag Estimates, Up Y/Y [Yahoo! Finance]Yahoo! Finance
- CSX Announces 2024 Customer Environmental Excellence Award WinnersGlobeNewswire
CSX
Earnings
- 4/17/24 - Beat
CSX
Sec Filings
- 4/18/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- CSX's page on the SEC website