B of A Securities Downgrades Norfolk Southern to Neutral, Lowers Price Target to $215
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter has downgraded Norfolk Southern (NYSE:NSC) from Buy to Neutral and lowered the price target from $266 to $215.
October 02, 2023 | 12:07 pm
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Norfolk Southern has been downgraded from Buy to Neutral by B of A Securities, with a lowered price target from $266 to $215.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for Norfolk Southern. The lowered price target from $266 to $215 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100