CSX

AI Research

21 Select Sites Added Across 10 States + 8% Dividend Hike → BofA Raises PT to $46 on Margin Recovery

CSX announced the addition of 21 rail-served properties across 10 states to its Select Site program on March 16, 2026, with Owens Corning committing to a major investment at an Alabama Silver site creating 100 manufacturing jobs, highlighting CSX's infrastructure advantages for industrial development. The company raised its quarterly dividend 8% to $0.14 per share and established partnerships with Infosys and Microsoft for technology-driven operational improvements. Bank of America raised its price target to $46, expecting CSX's cost structure improvements and infrastructure positioning to drive margin expansion and carload volume recovery as industrial demand strengthens through 2026.