Filed under: Analyst upgrades and downgrades, Good news, Technical Analysis, Stocks to Buy, Burlington Northern Santa Fe (BNI), Norfolk Southern Corp. (NSC), Union Pacific Corporation (UNP)

CSX Corporation (NYSE: CSX) is one of the nation’s leading transportation companies, providing rail, intermodal and rail-to-truck transload services. The company’s transportation network spans approximately 21,000 miles, with service to 23 eastern states and the District of Columbia. It connects to more than 70 ocean, river and lake ports. The company also has operations in real estate, resort management and equipment leasing. Burlington Northern (NYSE: BNI), Norfolk Southern (NYSE: NSC) and Union Pacific (NYSE: UNP) are competitors.

The firm pleased investors early this week, when it issued upside earnings guidance. Management now sees Q1 EPS of 70-73 cents, versus Street consensus of 63 cents. It also expects FY08 EPS of $3.36-$3.56, versus consensus of $3.05. The company boosted long-term guidance through 2010, anticipating compound annual growth in operating income of 13-15% over Y07 (10-12% prior guidance) and compound annual growth in EPS of 18-21% over Y08 (15-17% prior guidance). UBS subsequently upgraded the shares from “neutral” to “buy” and raised its price target to $66.

Continue reading CSX Corporation (CSX): Shares cycling in bullish ‘flag’ formation

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This entry was posted on Thursday, March 20th, 2008 at 3:35 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.