Morgan Stanley Maintains Equal-Weight Rating for Norfolk Southern: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Equal-Weight rating for Norfolk Southern (NYSE:NSC) but lowered its price target from $174.00 to $170.00. Norfolk Southern's shares are currently trading at $187.56, up 0.95% over the last 24 hours. A move to $170.00 would represent a 9.36% decrease from the current share price.
October 26, 2023 | 5:00 pm
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Morgan Stanley has maintained its Equal-Weight rating for Norfolk Southern but lowered its price target. This could potentially lead to a decrease in the stock's price.
Morgan Stanley's decision to lower the price target for Norfolk Southern could lead to a decrease in the stock's price as it signals a potential overvaluation at the current price. This could influence investors to sell, leading to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100