Wells Fargo Maintains Overweight Rating for Norfolk Southern: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Norfolk Southern (NYSE:NSC) and increased its price target from $250.00 to $260.00. This new target represents a 12.85% increase from the current share price. Norfolk Southern's shares have risen by 0.64% over the last 24 hours.
July 11, 2023 | 5:01 pm
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Wells Fargo has maintained its Overweight rating for Norfolk Southern and raised its price target, indicating a positive outlook for the company. The stock has also seen a slight increase in the last 24 hours.
The maintenance of the Overweight rating and the increase in price target by Wells Fargo indicates a positive outlook for Norfolk Southern. This is likely to instill confidence in investors and could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100