Wells Fargo Maintains Overweight on Norfolk Southern, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Allison Poliniak has maintained an Overweight rating on Norfolk Southern (NYSE:NSC) but lowered the price target from $245 to $220.
October 26, 2023 | 1:04 pm
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Norfolk Southern's price target has been lowered by Wells Fargo from $245 to $220, though the Overweight rating is maintained.
The news is directly about Norfolk Southern. The lowering of the price target might indicate a potential decrease in the stock's value, but the maintained Overweight rating suggests that the stock is still expected to outperform. This creates a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100