RBC Capital analyst Walter Spracklin lowered the firm’s price target on CSX (CSX) to $30 from $31 and keeps a Sector Perform rating on the shares. The company’s Q1 results were below expectations as CSX incurred $45M in costs associated with network disruption from construction projects, related congestion and inclement weather, the analyst tells investors in a research note. RBC adds that it continues to expect CSX’s earnings growth to materially underperform peers in 2025.
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