RBC Capital raised the firm’s price target on Norfolk Southern (NSC) to $325 from $315 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q4 for Class 1 Railroads. The firm is updating its models with refreshed estimates reflecting carload trends, management commentary at conferences, and its own channel checks, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSC:
- Teamsters Union ‘strongly opposes’ proposed Union Pacific-Norfolk Southern deal
- Norfolk Southern price target raised to $340 from $320 at Barclays
- PayPal downgraded, Roku upgraded: Wall Street’s top analyst calls
- Norfolk Southern downgraded to Hold from Buy at Deutsche Bank
- Union Pacific downgraded to Hold from Buy at Deutsche Bank