Susquehanna analyst Bascome Majors raised the firm’s price target on Norfolk Southern to $231 from $225 and keeps a Neutral rating on the shares. The analyst said the company’s murky outlook looks prudent against volume uncertainty, and the firm took its Street-low EPS forecasts up as consensus likely comes down. Susquehanna recommends investors should seek better entry points on signs of demand stabilization.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NSC:
- Norfolk Southern price target lowered to $275 from $285 at Credit Suisse
- Deutsche upgrades Norfolk Southern to Buy, sees positive revisions
- Norfolk Southern upgraded to Buy from Hold at Deutsche Bank
- Norfolk Southern price target raised to $266 from $261 at Goldman Sachs
- Norfolk Southern reports Q4 and full-year 2022 results