CSX post earnings sell-off an overreaction, says Jefferies

April 18, 2013

Jefferies believes the market overreacted in selling CSX shares off 2.6% yesterday and the firm keeps a Buy rating on the stock. Jefferies points out that liquidated damages are part of the core earnings power of the rails, as it believes investors took issue with CSX's Q1 liquidated damages being up $31M year-over-year.