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These Analysts Cut Their Forecasts On CSX After Q2 Results

CSX Corporation (NASDAQ: CSX) reported in-line earnings for the second quarter, while sales missed expectations.
byLisa Levin
July 21, 2023
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CSX Corporation (NASDAQ:CSX) reported in-line earnings for the second quarter, while sales missed expectations.

The company reported quarterly earnings of 49 cents per share, in-line with the analyst consensus estimate. The company reported quarterly sales of $3.70 billion, slightly missing the analyst consensus estimate of $3.73 billion, a 3.01% decrease over sales of $3.81 billion in the same period last year.

CSX shares fell 4.5% to $32.21 in pre-market trading.

These analysts made changes to their price targets on CSX following earnings announcement.

  • Citigroup cut the price target on CSX from $39 to $38. Citigroup analyst Christian Wetherbee maintained a Buy rating.
  • Susquehanna slashed the price target on CSX from $38 to $36. Susquehanna analyst Bascome Majors maintained a Neutral rating.
  • BMO Capital analyst Fadi Chamoun, meanwhile, reiterated CSX with an Outperform and maintained a $37 price target.

 

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