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CSX Corp (CSX) Receives a Sell from Morgan Stanley


In a report released today, Ravi Shanker from Morgan Stanley maintained a Sell rating on CSX Corp (NASDAQ: CSX), with a price target of $55. The company’s shares closed yesterday at $74.76, close to its 52-week high of $76.24.

According to TipRanks.com, Shanker is a 3-star analyst with an average return of 3.2% and a 57.3% success rate. Shanker covers the Services sector, focusing on stocks such as ArcBest Corporation, United Parcel, and FedEx.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CSX Corp with a $77.13 average price target.

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The company has a one-year high of $76.24 and a one-year low of $48.26. Currently, CSX Corp has an average volume of 5.34M.

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CSX Corp. engages in the provision of rail-based freight transportation services. The company’s services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. CSX was founded in 1827 and is headquartered in Jacksonville, FL.