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CSX Gets Target Boost from Jefferies as Rail Infrastructure Seen as AI-Resistant
Jefferies analyst Stephanie Moore has raised her price target for CSX Corporation to $50 from $42, reiterating a Buy rating. Moore highlighted that transportation networks like CSX’s are considered “core HALO exposures” due to their heavy, capital-intensive, and regulated infrastructure, making them resistant to AI disruption. The company also announced an 8% increase in its quarterly dividend, raising it to $0.14 per share.