Susquehanna analyst Bascome Majors lowered the firm’s price target on Norfolk Southern (NSC) to $265 from $285 and keeps a Neutral rating on the shares. The firm said Rails enter 2025 like they ended 2024, with intermodal leading volume growth for most, sluggish demand in higher-value industrial business and coal, negative mix from outsized intermodal growth and lower diesel prices dragging down RPU, and sell-side consensus reflecting modest margin optimism versus. typical margin seasonality nearer-term.
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