The Daily CSX – Goldman Sachs analyst: CSX a ‘sell’

Editor’s Note: This story is part of a longer, “roundup” report from Jacksonville, Florida’s The Financial News & Daily Record newspaper. When you click on the link below, you will be taken to the top of the report, which features an opening story about the Stein Mart chain of stores. You will have to scroll down to locate the CSX part of the story. – Ccrail.com Editor

By Mark Basch, The Financial News & Daily Record; November 21, 2017

Goldman Sachs analyst Matt Reustle initiated coverage last week of Jacksonville-based CSX Corp. with a “sell” rating on the stock.

“While we believe new CEO Hunter Harrison can drive a turnaround in operating performance, we believe investors are overestimating the speed and magnitude of the earnings benefits,” Reustle said in his report.

Click here to read the full story and remember to scroll down to the CSX portion of the story.

 

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