CSX Transportation Slips to 93rd in Trading Volume as Goldman Sachs Downgrades to Neutral

On June 2, 2025, CSX Transportation (CSX) experienced a decline of 1.11%, with a trading volume of 7.82 billion, ranking 93rd in the day's stock market activity.

Goldman Sachs has revised its stance on CSX, lowering its rating from "Buy" to "Neutral." This change was announced by analyst Jordan Alliger, who also maintained a price target of $35 for the stock. The downgrade reflects a more cautious outlook on the company's prospects, potentially influencing investor sentiment and trading activity.

This shift in rating comes as part of a broader adjustment in Goldman Sachs' views on the rail industry, with several other major players also seeing their ratings lowered. The move underscores a strategic realignment in the firm's investment recommendations, focusing on sectors that may offer more robust growth opportunities.