Stifel raised the firm’s price target on Norfolk Southern to $241 from $239 and keeps a Hold rating on the shares. With a significant earnings beat this quarter and a major turnaround in network fluidity, Norfolk “seems to be getting at least some of their ducks in a row” with the current management making strides towards the laid out targets by unwinding excess costs and improving asset and workforce productivity, the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Norfolk Southern’s Q2 2024 Financial Performance Unveiled
- Norfolk Southern reports second quarter 2024 results; reaffirms full-year adjusted operating ratio guidance
- North American rail traffic down 0.1% for the week ending July 20
- Norfolk Southern Declares Quarterly Dividend
- Is NSC a Buy, Before Earnings?