Jim Cramer Makes Major Prediction For CSX Corporation (CSX)

CSX Corporation (NASDAQ:CSX) is 1 of the largest railroad companies successful America. The shares are up by a humble 13.8% implicit the past twelvemonth and by 3.5% year-to-date. Susquehanna raised the firm’s stock terms people to $39 from $38 and maintained a Neutral standing aft the firm’s latest net report. The net saw CSX Corporation (NASDAQ:CSX) station $3.50 cardinal successful gross and $0.39 successful nett per share. Both of these missed expert estimates of $3.54 cardinal and $0.41. Following the earnings, Bernstein besides discussed the railroad company. It trimmed CSX Corporation (NASDAQ:CSX)’s stock terms people to $36 from $37 and kept a Market Perform rating. The fiscal steadfast pointed retired that the net miss during the 4th was narrower if one-time charges were removed from the figure. Cramer discussed the imaginable of a merger betwixt CSX Corporation (NASDAQ:CSX) and Berkshire Hathaway’s Burlington:

“And I privation radical to ticker CSX, okay. CSX is good. Steve Angel, formerly of Linde, is present running. Now earlier this, Joe Hinrichs, I hap to person thought helium was doing a large job. He was railroad antheral of the twelvemonth who was railroaded by the board. But I deliberation Steve Angel is going to be, helium is an industrialist. We’ve had each these radical who similar to support the trains connected time. Who knows what happens erstwhile you person a genuine industrialist, who possibly tin talk, to the caller CEO of Berkshire Hathaway who dumped each the Kraft Heinz and say, good look, let’s enactment Burlington Northern unneurotic with CSX. I deliberation that’s going to happen, it’s big, it’s a prediction, I know, but I americium retired determination but I’m going to beryllium right.”

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