Norfolk Southern shares are trading higher after Bernstein upgraded the stock from Market Perform to Outperform and announced a $272 price target.
Portfolio Pulse from Benzinga Newsdesk
Norfolk Southern's stock (NSC) has been upgraded by Bernstein from Market Perform to Outperform, with a new price target set at $272.
January 22, 2024 | 3:52 pm
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Bernstein upgraded Norfolk Southern from Market Perform to Outperform and set a price target of $272, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest a better-than-expected future performance. The new price target of $272 by Bernstein represents a significant potential upside from the current trading price, which may attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100