Benchmark raised the firm’s price target on Norfolk Southern (NSC) to $285 from $270 and keeps a Buy rating on the shares after the company reported Q3 adjusted EPS that beat the firm’s estimate and the consensus of $3.11 as lower expenses more than offset a slight revenue shortfall. Looking ahead, Norfolk fully expects to exceed its target for about $150M of incremental annualized productivity gains in 2025, with the opportunity to pull forward some cost reduction from 2026, the analyst tells investors.
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