JP Morgan Maintains Overweight on Norfolk Southern, Lowers Price Target to $245
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Brian Ossenbeck maintains an Overweight rating on Norfolk Southern (NYSE:NSC) but lowers the price target from $279 to $245.
October 11, 2023 | 7:37 pm
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JP Morgan maintains an Overweight rating on Norfolk Southern but lowers the price target from $279 to $245.
The news is directly about Norfolk Southern. The Overweight rating suggests that JP Morgan expects the stock to outperform, which could be positive for the stock. However, the lowering of the price target could be seen as a negative signal, suggesting that JP Morgan expects less upside than before. The net impact is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100