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StocksUpdated×4•Originally published 23 April 2026•Updated 23 April 2026•

1 min read

BofA Raises CSX Price Target to $49 Following Strong Earnings Performance

Key Facts

1BofA Securities increased its price target for CSX to $49 from $46 while maintaining a Buy rating.

2The company reported Q1 2026 earnings per share that exceeded expectations despite a slight revenue miss.

CSX Corp reported robust first-quarter 2026 results, prompting major financial institutions to upgrade their outlook on the stock. Following BofA's price target hike to $49, RBC Capital also raised its target to $47 while maintaining an Outperform rating. The company successfully reduced total expenses by 6%, yielding $153 million in savings, while achieving record fuel efficiency and a 30% improvement in train safety rates. Management now projects mid-single-digit revenue growth for the full year, alongside an operating margin expansion of 200 to 300 basis points. Furthermore, the CEO reiterated a focus on internal execution over large-scale M&A, clarifying that acquiring Norfolk Southern is not an immediate priority. This combination of operational efficiency and disciplined growth continues to bolster analyst confidence in CSX's long-term financial trajectory.

about 1 month ago

Version History

Version 4about 1 month ago

What changed: Added RBC Capital's price target increase to $47, details on the $153 million cost reduction, safety and fuel efficiency improvements, and new operating margin expansion guidance.

Version 3about 1 month ago

What changed: The story was updated to include the timing of the earnings release (after Wednesday's close) and to reflect that multiple analysts have increased their forecasts following the report.

Version 2about 1 month ago

What changed: Added specific growth percentages for operating income (20%) and EPS (26%), along with the full-year free cash flow guidance of over 60%.

Version 1about 1 month ago

What changed: Added CEO commentary regarding the company's cautious stance on industry consolidation and the exclusion of Norfolk Southern as an immediate acquisition priority.