Cowen analyst Jason Seidl raised the firm’s price target on Norfolk Southern to $259 from $256 and keeps an Outperform rating on the shares. The analyst noted like the rest of the rail group that has reported, the company expressed a high degree of caution on 2023 growth expectations, driven primarily from softer demand and elevated costs proving sticky in the network.
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Published first on TheFly
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Read More on NSC:
- Norfolk Southern price target lowered to $275 from $285 at Credit Suisse
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- Norfolk Southern price target raised to $266 from $261 at Goldman Sachs
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