...what's up with that ladies? what did i miss? expect some selling today and for the next 2/weeks?
JP Morgan raised price target from $25 to $28.
Sentiment: Strong Buy
The most positive technical aspect is that CSX never went below $25 a share during the volatile markets the last few weeks.
CSX has established tremendous support at $25 so there is very little downside at this point which it has never had before. I see its future range as $25 to $27/$28 per share.
The upside opportunity is much greater than the downside risk at this point.
BOA, S&P IQ, and Morningstar have all reiterated their buys. I would like to know what the companies that downgraded advocate you buy? IBM or Tesla? ha ha.
CSX is estimated to grow earnings 10% - 15% for the next few years and they are trading at a forward PE of 12.5 It is difficult to find a better value than that in this expensive market.
If they say CSX isn't a good stock, I would like to see what they call good.