** Brokerages raise PT on CSX CSX.O after the railroad operator's Q3 results beat estimates
** Shares of the company rise 2% to about $37 premarket
** Jefferies says co beat expectations, with strong leadership boosting confidence in its growth and service outlook
** However cuts Q4 adj.EPS forecast to 43 cents from 44 cents
** J.P.Morgan notes CSX's upcoming projects and partnerships are expected to boost volumes and cut costs in 2026
** TD Cowen adds co is expected to benefit from infrastructure upgrades and operational efficiencies in 2026, with stable headcount and reduced external headwinds supporting margin expansion
** 20 of 28 brokerages rate the stock "buy" or higher, 8 "hold"; median PT is $40- data compiled by LSEG
** As of last close, stock has risen 11.4% YTD
Brokerages | New PT | Old PT | Upside from the stock's last close |
Jefferies | $42 | $40 | 16.7% |
J.P.Morgan | $41 | $40 | 13.9% |
TD Cowen | $39 | $38 | 8.4% |
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))