Upgrade Alert for CSX (CSX)
CSX (NYSE:CSX) was upgraded from Peer Perform to Outperform at Wolfe Research today. The stock closed yesterday at $28.59 on volume of 10.8 million shares, above average daily volume of 8.8 million.
CSX (NYSE:CSX) has potential upside of 12.0% based on a current price of $28.59 and analysts' consensus price target of $32.02. CSX shares have support at the 200-day moving average (MA) of $26.57 and additional support at the 50-day MA of $25.88.
CSX Corporation is an international freight transportation company. The Company provides rail, intermodal, domestic container-shipping, barging, and contract logistics services around the world. CSX's rail transportation services are provided principally throughout the eastern United States.
In the past 52 weeks, CSX share prices have been bracketed by a low of $21.33 and a high of $37.64 and closed yesterday at $28.59, 34% above that low price. The 200-day and 50-day moving averages have moved 0.41% lower and 0.58% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of CSX on July 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.63. Since that recommendation, shares of CSX have risen 3.8%. We continue to monitor CSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades