Susquehanna analyst Bascome Majors raised the firm’s price target on Norfolk Southern (NSC) to $260 from $250 and keeps a Neutral rating on the shares as part of a Q2 earnings preview. With just a week left in the quarter, rail volumes have come in better than feared, the analyst tells investors in a research note. The firm says macro uncertainty remains high and pressure is “ratcheting up for some markets.”
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