Loop Capital keeps a Buy rating and $41 price target on CSX (CSX) while naming the stock to the firm’s Best Ideas list for 2024. One by one, the U.S. freight railroads have gotten back on their feet operationally, and CSX has been leading the pack in this regard, the analyst tells investors in a research note. Compared to Union Pacific (UNP) and Norfolk Southern (NSC), CSX is establishing a service track record that is stronger and started earlier, buoying customer confidence and resulting in incremental market share gains for the company, the firm added.
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