Morgan Stanley Maintains Equal-Weight on Norfolk Southern, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has maintained an Equal-Weight rating on Norfolk Southern (NYSE:NSC) and lowered the price target from $174 to $170.
October 26, 2023 | 12:30 pm
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Morgan Stanley has maintained an Equal-Weight rating on Norfolk Southern and lowered the price target from $174 to $170.
The lowering of the price target by Morgan Stanley could potentially lead to a decrease in the stock price of Norfolk Southern in the short term. This is because the new price target suggests that the analyst believes the stock is currently overvalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100