CSX Corp. (NASDAQ:CSX) posted downbeat earnings for the fourth quarter on Thursday.

CSX reported quarterly earnings of 39 cents per share, which missed the consensus estimate of 42 cents, according to estimates from Benzinga Pro. Quarterly revenue came in at $3.51 billion, which missed the Street estimate of $3.54 billion and was down from revenue of $3.540 billion from the same period last year.

“Our quarterly results reflect the subdued industrial demand environment and actions taken to adjust our cost structure,” said CEO Steve Angel.

CSX shares gained 4.7% to trade at $37.46 on Friday.

These analysts made changes to their price targets on CSX following earnings announcement.

  • Evercore ISI Group analyst Jonathan Chappell maintained CSX with an Outperform rating and lowered the price target from $41 to $40.
  • Bernstein analyst David Vernon maintained the stock with a Market Perform and lowered the price target from $37 to $36.

Considering buying CSX stock? Here’s what analysts think:

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