RBC Capital Maintains Sector Perform on Norfolk Southern, Lowers Price Target to $201
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Walter Spracklin has maintained a 'Sector Perform' rating on Norfolk Southern (NYSE:NSC) but lowered the price target from $223 to $201.
October 26, 2023 | 5:34 pm
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Norfolk Southern's price target has been lowered from $223 to $201 by RBC Capital, though the 'Sector Perform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in the stock's value. However, the maintenance of the 'Sector Perform' rating suggests that the company is expected to perform on par with other companies in the sector. This could lead to a short-term negative impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100