Stifel lowered the firm’s price target on Norfolk Southern to $239 from $241 and keeps a Hold rating on the shares. Volume data has been improving, although spotty, with the best uplift in intermodal against easy year-over-year comps, said the analyst, who expects Q2 results from the rail group to likely come in largely in line with the firm’s previous assumptions.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSC:
- North American rail traffic up 8% for the week ending July 6
- Norfolk Southern price target lowered to $259 from $275 at JPMorgan
- Norfolk Southern resumed with an Equal Weight at Stephens
- Norfolk Southern price target lowered to $285 from $288 at Bernstein
- Norfolk Southern resumed with an Underweight at Morgan Stanley