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RBC Capital lowered the firm’s price target on CSX (CSX) to $33 from $34 and keeps a Sector Perform rating on the shares. The company’s Q4 results were in-line, impacted by a number of operational issues, the analyst tells investors in a research note. RBC notes however that CSX management is now guiding for discreet costs to meaningfully impact Q1, resulting in below 2% EPS growth that will come up well short of the Investor Day target high-single to low-double digit 3-year EPS CAGR, warning that this lower growth rate relative to peers will continue weighing on sentiment.
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