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.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSC:
- Norfolk Southern price target raised to $280 from $270 at Wells Fargo
- Norfolk Southern price target raised to $290 from $275 at Barclays
- Norfolk Southern price target raised to $301 from $292 at Goldman Sachs
- Norfolk Southern price target raised to $291 from $276 at BofA
- Norfolk Southern price target raised to $302 from $294 at Citi