Target price looks up to $40! According to Wells Fargo, the alliance between CSX (CSX.US) and Buffett's BNSF will help boost performance above industry peers.

According to the Securities Times app, Wells Fargo Bank stated that the intermodal transportation cooperation agreement reached between CSX Transportation (CSX.US) and Burlington Northern Santa Fe Railway (BNSF) is expected to divert freight that may have been transferred by Norfolk Southern (NSC.US) to the CSX network. It is worth noting that BNSF has been acquired by Warren Buffett's Berkshire Hathaway since 2009, becoming its wholly-owned subsidiary. This "Buffett concept" undoubtedly enhances market attention to the potential of cooperation. This cooperation will "lay the foundation" for CSX and is expected to outperform its non-aligned peers.