Morgan Stanley Remains a Sell on CSX Corp (CSX)


Morgan Stanley analyst Ravi Shanker maintained a Sell rating on CSX Corp (CSX) today and set a price target of $55.00. The company’s shares closed last Monday at $66.71.

According to TipRanks.com, Shanker is a 3-star analyst with an average return of 1.8% and a 59.1% success rate. Shanker covers the Services sector, focusing on stocks such as Schneider National Inc, Echo Global Logistics, and Knight Transportation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CSX Corp with a $75.63 average price target.

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The company has a one-year high of $80.73 and a one-year low of $58.47. Currently, CSX Corp has an average volume of 5.5M.

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

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