Norfolk Southern price target lowered to $250 from $260 at Susquehanna

Susquehanna lowered the firm’s price target on Norfolk Southern (NSC) to $250 from $260 and keeps a Neutral rating on the shares. The firm said there’s certainly mid-term risk to the company’s unchanged top-line view, but investor expectations feel much better managed today than in 2H24. Perhaps more importantly, the headwinds Norfolk faces today are more about macro than the company-specific distractions from 2023 and 2024.