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CSX Corporation (NASDAQ:CSX) is included among the 13 Best NASDAQ Dividend Stocks to Buy Now. BMO Capital Raises CSX Price Target, Sees Continued Freight Recovery On February 19, BMO Capital raised its price recommendation on CSX Corporation (NASDAQ:CSX) to $41 from $38. The firm reiterated a Market Perform rating on the shares. The update came as part of a broader research note on the transportation sector. The firm said the strong rally in transportation stocks since late November 2025 still looks reas ...

On reindustrialization and global growth, he said he sees limited growth engines outside the U.S., noting that China is not the growth engine it once was and that Europe has not historically been a sustained growth engine. He described India as growing, but not at the scale of China, the U.S., or the EU. In his view, “all roads lead back to the United States” for sustained growth potential, pointing to business tax policy and accelerated depreciation as factors that could support capital investment, while a ...

PresentationBrandon OglenskiBarclays Bank PLC, Research Division Good afternoon, everyone. We're going to get this keynote lunch started here. So appreciate everyone coming down to Barclays 43rd Annual Industrial Select Conference. This is our third day. So thank you for making it through. It's been a very eventful conference again. I'm Brandon Oglenski, airline and transport analyst. But I just wanted to very quickly thank our corporate access and event marketing teams. There's a lot of folks that work aro ...

Core Insights - The CEO of CSX Corp. is focused on enhancing efficiency and performance to generate shareholder returns while remaining open to potential merger opportunities as industry consolidation occurs [1][2] Company Strategy - Steve Angel, the president and CEO, expressed a willingness to explore any avenues that could enhance shareholder value, particularly in light of activist investor Ancora Holdings Group advocating for a merger [2] - The proposed $72 billion merger between Union Pacific Corp. and Norfolk Southern Corp. presents both challenges and opportunities for CSX, with the Surface Transportation Board having extensive tools to evaluate the merger [3] - Angel emphasized a focus on improving shareholder returns without relying solely on growth, stating a preference for cost management over growth [3] Management Changes - Recent changes in CSX's management include the appointment of Kevin Boone as CFO and Riz Chand as chief human resources officer, following the retirement of Diana Sorfleet [5] - The company has initiated cost-cutting measures, including closing its aerospace division, selling corporate jets, and reducing consultant usage [4] Operational Focus - CSX operates a rail network of approximately 20,000 miles across 26 states and parts of Canada, indicating a significant operational footprint in the freight rail industry [6] - Angel aims to foster a culture of "continuous improvement" within the company, emphasizing collaboration with staff and unions to achieve incremental changes [5][6]

Summary of CSX FY Conference Call - February 19, 2026 Company Overview - **Company**: CSX Corporation (NasdaqGS:CSX) - **Industry**: Railroad and Transportation Key Points and Arguments Industry Insights - **AI and Automation**: The railroad industry is expected to benefit from AI and automation, particularly in proposal preparation, customer service, and asset management. Traditional industries may gain the most from these technologies [7][8][9] - **Global Growth Outlook**: The speaker expressed skepticism about growth in major global markets, noting that China is no longer a growth engine and Europe has historically not contributed significantly to growth. The U.S. is viewed as the best bet for sustained growth despite current tariff uncertainties [10][11][12] - **Reindustrialization**: There is potential for reindustrialization in the U.S., but it is not expected to manifest significantly in 2026. The speaker remains cautiously optimistic about long-term prospects [12] Company Performance and Strategy - **Cultural Insights**: The new CEO, Steve, highlighted the strong culture at CSX, characterized by long-tenured employees who are passionate about their work. This culture is seen as a positive for leadership and operational stability [20][21] - **Operational Challenges**: CSX faced significant operational challenges due to natural disasters, including the loss of a 60-mile rail corridor. Recovery efforts have been successful, with major infrastructure projects completed, leading to improved operational fluidity [23][25] - **Leadership Changes**: The CEO has made thoughtful changes to the executive leadership team, focusing on leadership skills and the ability to drive results. The importance of having the right people in critical positions was emphasized [26][28] M&A and Industry Dynamics - **M&A Landscape**: The CEO supports M&A in the industry, citing his experience with the Praxair and Linde merger. He acknowledged that consolidation can create both risks and opportunities for existing players like CSX [31][32] - **Regulatory Environment**: The merger process is lengthy and complex, with significant regulatory scrutiny. The CEO emphasized the need to focus on running CSX effectively while navigating these challenges [33][36] Financial Metrics and Performance Goals - **Financial Guidance**: CSX is targeting low single-digit revenue growth, with a focus on increasing operating margins by 200-300 basis points and free cash flow by 50%. The CEO emphasized the importance of cost management over aggressive revenue growth [51][52] - **Key Performance Metrics**: The CEO highlighted operating income growth, operating margin percentage, and safety as critical metrics for accountability. Return on capital and total shareholder return are also emphasized for long-term performance [62][65][68] Customer Feedback and Service Improvement - **Customer Engagement**: Customers are keeping their options open regarding service providers, indicating a cautious approach to commitments amid industry changes. Consistency in service is identified as a key area for improvement [42][48] - **Service Challenges**: The CEO acknowledged that while improvements have been made, there is still significant room for growth in service consistency and operational performance [46][47] Conclusion - The CEO expressed confidence in CSX's ability to navigate current challenges and capitalize on future opportunities, emphasizing a balanced approach to growth, operational excellence, and employee engagement [75][76]

Market Overview - The market is currently experiencing positive momentum, with stocks showing green performance [1] - There is a bullish sentiment regarding the reindustrialization of America, particularly in steel production [2] Trade Insights - Rivian has seen a significant increase of over 23% following positive delivery guidance and the anticipated launch of its R2 vehicle [6] - Despite being bearish on Rivian long-term, there is a potential for a short-term price squeeze due to market positioning ahead of earnings [9] - CSX has broken through a key resistance level at 38, indicating potential for continued upward movement as long as it remains above this level [19][22] - Applied Materials is benefiting from strong demand in the semiconductor sector, with a notable increase of almost 10% following a positive earnings report [26][34] Technical Analysis - Rivian's recent price movement shows a significant push upward, with notable resistance levels at 18.25 and 17 [10][12] - CSX's price remains above its 5-day exponential moving average, indicating strength in the current trend [22] - Applied Materials is experiencing an upward trend, with key support levels identified around 339 and 322 [32][34]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K Commission File Number 1-8022 CSX CORPORATION (Exact name of registrant as specified in its charter) | Virginia | | | 62-1051971 | | | | --- | --- | --- | --- | --- | --- | | (State or other jurisdiction of incorporation | | | | | | | or organization) | | | (I.R.S. Employer Identification No.) | | | | 500 Water Street FL 32202 | 15th Floor | Jacksonville | | 904 | 359-3200 | | (Address of principal executive offices) (Zip Code ...

Core Viewpoint - CSX Corp. will be represented by its President and CEO, Steve Angel, at the Barclays 43rd Annual Industrial Select Conference on February 19, 2026, at 11:50 a.m. ET, highlighting the company's ongoing engagement with investors and stakeholders [1]. Company Overview - CSX, headquartered in Jacksonville, Florida, is a leading transportation company providing rail, intermodal, and rail-to-truck transload services across various markets, including energy, industrial, construction, agricultural, and consumer products [3]. - The company has been integral to the economic expansion and industrial development of the United States for nearly 200 years, connecting major metropolitan areas in the eastern U.S. where approximately two-thirds of the nation's population resides [3]. - CSX's extensive network links over 240 short-line railroads and more than 70 ocean, river, and lake ports with significant population centers and agricultural regions [3].

Core Viewpoint - The transportation sector in the U.S. is experiencing a significant rally, outperforming major equity benchmarks, driven by strong economic data and a shift in investor focus away from technology stocks [2][3]. Group 1: Performance Metrics - The Dow Jones Transportation Average has outperformed the S&P 500 Index by 13 percentage points over the past month and a half, marking its strongest performance since the financial crisis [2]. - The transportation gauge reached an all-time closing high following positive manufacturing data and a strong jobs report, indicating a recovering labor market [4]. Group 2: Investor Sentiment - There is a growing appeal for "old economy" stocks as investors seek diversification amid concerns over AI disruptions and significant capital spending in technology [3]. - The transportation sector is viewed as "AI resistant," attracting investors looking for companies whose core functions are less likely to be affected by technological advancements [5]. Group 3: Economic Indicators - Recent manufacturing data indicates expansion at the fastest pace since 2022, which correlates with increased demand for transportation services [4][6]. - The improvement in manufacturing activity suggests a broader economic recovery, serving as a technical signal for investors to consider stocks that benefit first from economic upturns [6].