5 Market-Moving Stocks to Watch Today

2. CSX Corporation (NASDAQ:CSX) has crashed 2.88% as of 12:10 PM ET after the real estate and rail transportation company was downgraded from a Buy to a Neutral rating at Citigroup. The price target on CSX Corporation (NASDAQ:CSX) was also lowered from $45 to $35. Transportation stocks like CSX Corporation (NASDAQ:CSX) have taken a hit following the recent market sell-off. The sell-off was driven by investor concerns over inflation adversely impacting shipping demand and increasing gas costs. Analysts believe the current economic situation is not favorable for the earnings growth of railroad stocks.

CSX Corporation (NASDAQ:CSX) was held by 56 hedge funds at the end of Q4 2021.