Dahlman Rose downgrades eastern rails CSX (CSX -2%) and Norfolk Southern (NSC -1.5%) to Hold (I,...

|About: CSX Corporation (CSX)|By:, SA News Editor

Dahlman Rose downgrades eastern rails CSX (CSX -2%) and Norfolk Southern (NSC -1.5%) to Hold (I, II) on concerns that export met coal price declines could pressure volume and pricing. Though the firm's long-term rail outlook remains favorable, it is more cautious in the near- to medium-term, lowering its estimates below consensus for both stocks.