Wells Fargo lowered the firm’s price target on Norfolk Southern to $260 from $270 and keeps an Overweight rating on the shares. The firm believes the company’s Q2 OR guidance is becoming more difficult to achieve in the context of a smaller-than-expected sequential volume ramp-up, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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 2.8% for the week ending June15
- North American rail traffic up 2.8% for the week ending June 8
- Norfolk Southern initiated with an Overweight at Wells Fargo
- North American rail traffic up 2.7% for the week ending June 1
- Fly Insider: Norfolk Southern, Carvana among week’s notable insider trades