Citi analyst Ariel Rosa downgraded Norfolk Southern (NSC) to Neutral from Buy with a price target of $288, up from $259. The firm cites valuation for the downgrade following the stock’s recent rally. Norfolk Southern’s current valuation limits the potential for near-term upside, the analyst tells investors in a research note.
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Read More on NSC:
- Norfolk Southern price target raised to $295 from $258 at Bernstein
- Norfolk Southern price target raised to $282 from $272 at JPMorgan
- Norfolk Southern price target raised to $290 from $280 at BofA
- Norfolk Southern: Operational Resilience and Strategic Positioning Drive Buy Rating and Increased Price Objective
- Norfolk Southern resumed with a Neutral at Baird