CSX management guidance for a 5%-10% decline in thermal coal volumes in 2013 prompts RBC to...

|About: CSX Corporation (CSX)|By:, SA News Editor
CSX management guidance for a 5%-10% decline in thermal coal volumes in 2013 prompts RBC to predict the bottom of the coal market. In upgrading CSX shares to Outperform, RBC argues that the significantly low multiples at which the Eastern rails have been trading are poised to revert to more normalized levels. BMO also sees a brighter outlook for CSX on abating coal headwinds.