BUZZ-BMO downgrades CSX, sees bumpy M&A environment ahead
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BMO downgrades CSXto “market perform” from “outperform”, maintains PT at $38“We believe there is significant uncertainty surrounding key details of any potential deal involving CSX” - brokerageSees BNSF merger deal as CSX’s “best M&A scenario”, adding that such a deal would have a greater chance of regulatory approval18 of 28 brokerages rate the stock “buy” or higher, 10 “hold”; their median PT is $39 - data compiled by LSEGIncluding session’s move, CSX up 12% YTD
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