Susquehanna Financial analyst Bascome Majors thinks CSX Corp. had a pretty good year in 2023, but the Jacksonville-based company was overshadowed by big news from other major railroads.
As he looks to a strong year for rail stocks in 2024, Majors upgraded his rating on CSX from “neutral” to “positive,” the best rating among the five major railroad companies he covers.
“Rails’ pricing power should warrant a premium in 2024, and we’re slowly becoming U.S. rail bulls again,” Majors said in his Jan. 8 report.