Benchmark raised the firm’s price target on Norfolk Southern to $270 from $266 and keeps a Buy rating on the shares after the company reported Q2 adjusted EPS of $3.06, topping the $2.86 consensus and the firm’s $2.92 estimate, driven by continued progress on service and productivity. The firm continues to believe Norfolk is on track to close the margin gap with its peers over time, the analyst tells investors.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSC:
- Early notable gainers among liquid option names on July 26th
- Norfolk Southern price target lowered to $267 from $270 at RBC Capital
- Norfolk Southern price target raised to $241 from $239 at Stifel
- Norfolk Southern price target raised to $253 from $251 at TD Cowen
- Norfolk Southern price target raised to $255 from $245 at Susquehanna