Stephens resumed coverage of Norfolk Southern with an Equal Weight rating and $240 price target. The firm believes the growth setup for the rail sector into 2025 is improving as the truckload market tightens, but service will be important for capturing the truck-to-rail conversion. Within the group, it favors names with strong service metrics that it believes will capture the upswing in volume, the analyst tells investors.
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 1.9% for the week ending June 22
- Norfolk Southern ‘appreciates’ findings of NTSB investigation
- Norfolk Southern price target lowered to $260 from $270 at Wells Fargo
- Norfolk Southern says addresses FRA’s safety culture assessment recommendations
- North American rail traffic up 2.8% for the week ending June15