Anonymous ID: 369b41 Jan. 6, 2018, 5:05 p.m. No.10110   🗄️.is 🔗kun   >>0178

Loop Capital sees return of CSX's Harrison 'less than likely'

 

DEC 15, 2017 | 11:45 EDT

 

Jim Foote being made interim CEO is an "ominous sign" and implies Hunter Harrison's return to CSX is "less than likely," Loop Capital analyst Rick Paterson tells investors in a research note. The analyst sees the company's future as "very cloudy" in the event that Harrison does not return. He believes Harrison needed to do two things during his tenure: change the network and change the culture. Arriving on March 6, Harrison likely did not have enough time to achieve the two objectives, Peterson contends. The analyst keeps a Hold rating on CSX with a $57 price target.

 

https:// thefly.com/thestreet/realmoney/index.php/CSXid2656090/CSX-Loop-Capital-sees-return-of-CSXs-Harrison-less-than-likely

 

CSX… the railroad company? Seems like trafficking and railroads go hand in hand. Note Loop Capital.