Evercore ISI analyst Jonathan Chappell raised the firm’s price target on Norfolk Southern (NSC) to $295 from $292 and keeps an In Line rating on the shares. The firm does not expect a change to Norfolk’s guidance ranges, unless they include a new fuel run rate into the FY26 operating expense range, nor does it believe Q1 EPS or full-year commentary “will matter much to the shares” as long as the proposed merger with Union Pacific (UNP) remains a potential path forward, the analyst tells investors in a preview for the rails group.
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Read More on NSC:
- Norfolk Southern price target raised to $315 from $288 at Baird
- Union Pacific upgraded to Outperform from Neutral at Baird
- Norfolk Southern price target raised to $350 from $300 at Jefferies
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