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FINWIRES

CSX Raises Growth, Margin Targets Under CEO Angel, BofA Says

-- CSX (CSX) CEO Steve Angel has accelerated service improvements, raised financial targets, and streamlined the cost structure since taking over in September 2025, which is benefiting the company, BofA Securities said Thursday.

The company now targets mid-single-digit revenue growth, up from low-single digits, and sees its operating margin gains at the high end of its 200-300 basis points improvement target range. BofA also raised its revenue growth estimate to 4.2% from 1.6%, according to the note.

BofA said CSX sees fuel surcharges supporting revenue growth into the mid-single-digit range. Cost controls, particularly in Purchased Services & Other, highlight Angel's strategy of building sustainable long-term productivity gains.

The investment firm raised its 2026 EPS estimate to $1.90 from $1.80 and its 2027 EPS estimate to $2.15 from $2.10.

BofA maintained a buy rating on CSX and lifted the price objective to $49 from $46.

Shares of CSX were up 7.6% in Thursday trading.

Price: $46.47, Change: $+3.29, Percent Change: +7.61%

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