BUZZ-CSX falls after Q4 results, brokerages trim PT

Shares of railroad operator CSX CSX.O fall more than 3% to $32 in morning trade

CSX reported Q4 profit in line with Wall Street estimates on Thursday as decline in coal revenue offset gains from volume growth in its intermodal segment

CSX Q4 profit of 42 cents per share was down 6.7% from last year, but in line with analysts' estimates, according to LSEG data

"Lower coal prices paired with environmental factors and service disruptions should make first half of the year particularly challenging" - Stifel analyst Benjamin Nolan

At least 7 brokerages have cut CSX's PT after Q4 results

20 of 28 brokerages rate the stock "buy" or higher and 8 "hold"; median PT is $38 - LSEG data

Stock was down ~7% in 2024