These 5 Stocks are Falling Today

3. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 63

Shares of CSX Corporation (NASDAQ:CSX) dropped over three percent in mid-day trading Wednesday after Bernstein lowered its ratings for the rail-based freight transportation provider from “Outperform” to “Market perform.”

Bernstein analyst David Vernon referred to the macro challenges that could impact the top-line growth and margins of railroad companies, including CSX Corporation (NASDAQ:CSX).

At the same time, Vernon acknowledged the decent valuations and improving volume trends in the railroad industry. He issued a price target of $32 per share for CSX Corporation (NASDAQ:CSX), compared to the stock’s current trading price of around $31.