BMO Capital raised the firm’s price target on Norfolk Southern (NSC) to $310 from $305 and keeps a Market Perform rating on the shares. The company’s Q1 results were ahead of consensus expectations, thanks to strong fuel efficiency and labor productivity, the analyst tells investors in a research note. Despite a peer-leading operating ratio however, BMO forecasts a 290 bps deterioration in 2026, compared with a peer-average improvement of 85 bps, the firm added.
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