Barclays raised the firm’s price target on Norfolk Southern to $255 from $235 and keeps an Equal Weight rating on the shares. The analyst says activism-driven change at Norfolk could provide material upside for shareholders assuming the appointment of an operationally focused CEO. The firm’s upside case anticipates $17-$18 in earnings per share is attainable by 2026. Activism at Norfolk Southern could yield considerable earnings upside with a revamped, operations-focused culture, but finding the right leadership will be critical to unlocking long-term value for shareholders, the analyst tells investors in a research note.
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