RBC Capital Says CSX is Well Positioned Regardless of Rail Industry Consolidation

CSX Corporation (NASDAQ:CSX) is included among the 10 Reliable Dividend Stocks to Buy for Long-Term Investors.

RBC Capital Says CSX is Well Positioned Regardless of Rail Industry Consolidation

On June 24, RBC Capital raised its price recommendation on CSX Corporation (NASDAQ:CSX) to $51 from $47. It reiterated an Outperform rating on the stock. The update came as part of a broader preview of second-quarter results for Class I railroads. The firm believes CSX is in a strong position regardless of how rail industry consolidation plays out. RBC said the company has “really turned it around” operationally and expects its core business to deliver stronger performance, whether or not a merger between Union Pacific and Norfolk Southern moves forward.

Earlier, on June 17, BofA increased the firm’s price goal on CSX to $53 from $51. It maintained a Buy rating on the shares. Analyst Ken Hoexter also raised earnings-per-share estimates by 3% for the second quarter and by 2% for both 2026 and 2027 after reviewing the company’s quarter-to-date update. BofA noted that carloads were up 6.0% year over year during the quarter so far, well above its previous growth estimate of 2.7%.

CSX Corporation (NASDAQ:CSX) provides transportation services through its rail network, intermodal operations, and rail-to-truck transload solutions. The company serves a wide range of industries, including energy, industrial, construction, agricultural, and consumer products.

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