Benchmark raises CSX stock price target on efficiency gains

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Benchmark has increased its price target for CSX Corp. to $48 from $46, maintaining a Buy rating after the railroad operator surpassed first-quarter earnings estimates. The company reported significant efficiency savings and raised its revenue growth and free cash flow targets, though InvestingPro analysis suggests the stock might be overvalued. Other analysts like BMO Capital, Evercore ISI, BofA Securities, Wolfe Research, and RBC Capital also raised their price targets for CSX, reflecting positive sentiment driven by strong financial performance and strategic initiatives.

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