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.
Don't Miss Our Christmas 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:
- 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