Norfolk Southern price target lowered to $272 from $292 at BofA

BofA analyst Ken Hoexter lowered the firm’s price target on Norfolk Southern (NSC) to $272 from $292 and keeps a Buy rating on the shares. Q1-to-date volumes are trending above the firm’s prior estimate, normalizing for leap day, but Norfolk experienced significant Q1 weather-related costs, notes the firm, which also expects a yield impact on mix overhang. The firm lowered its Q1, 2025 and 2026 EPS estimates 8%, 2% and 1%, respectively, to $2.60, $12.95 and $14.80, the analyst noted.