Evercore ISI Downgrades CSX Corporation to In Line, Raises Price Target to $41

Evercore ISI downgraded CSX Corporation to In Line from Outperform, citing that the stock's 51% rebound from its 52-week low and 9.35% gain YTD has reflected much of the upside. The company announced a new group of properties under its CSX Select Site program, identifying rail-served locations suited for industrial development. Jefferies raised its price target on CSX to $50 from $42 and maintained a Buy rating.