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BMO Capital Raises CSX Price Target, Sees Continued Freight Recovery
BMO Capital has increased its price target for CSX Corporation to $41 from $38, maintaining a Market Perform rating, citing an ongoing recovery in the freight sector. This upgrade follows CSX’s recent $670 million agreement with Wabtec Corporation to modernize its locomotive fleet, aiming for improved fuel efficiency and operational performance. The firm believes that transportation stocks like CSX could continue to rise as freight demand improves.