BMO Capital Maintains Market Perform on Norfolk Southern, Lowers Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Fadi Chamoun has maintained a 'Market Perform' rating on Norfolk Southern (NYSE:NSC) but lowered the price target from $255 to $230.
October 26, 2023 | 3:38 pm
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Norfolk Southern's price target has been lowered from $255 to $230 by BMO Capital, though the 'Market Perform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value in the short term. However, the maintenance of the 'Market Perform' rating suggests that the stock is expected to perform in line with the market, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100