Bernstein analyst David Vernon raised the firm’s price target on Norfolk Southern (NSC) to $295 from $258 and keeps an Outperform rating on the shares. The firm is updating its rail estimates ahead of the Q2 earnings season. Traffic trends have been decent, and while that trend is hard to extrapolate due to tariff uncertainty, Bernstein continues to see the group as offering value in an expensive market.
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Read More on NSC:
- 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
- Norfolk Southern price target raised to $260 from $250 at Susquehanna