JPMorgan analyst Brian Ossenbeck raised the firm’s price target on Norfolk Southern (NSC) to $282 from $272 and keeps an Overweight rating on the shares. The firm updated transportation and logistics estimates and price targets as part of a Q2 earnings preview. JPMorgan reduced estimates across the board, saying tariffs and trade policy uncertainty has persisted while spot truckload rates went down before bouncing back around the July 4 holiday.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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 $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
- Norfolk Southern price target raised to $260 from $250 at Susquehanna
- Norfolk Southern Appoints Richard Anderson as New Chair