BofA upgraded Norfolk Southern to Buy from Neutral with a price target of $248, up from $204. Norfolk looks set to post better-than-expected Q4 volumes, has easier comps into the first half of 2024 and is showing better-than-expected network resiliency after recent network outages, the analyst tells investors. The firm increased its Q4, 2024 and 2025 EPS estimates 2%, 5% and 4%, respectively.
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