Morgan Stanley Downgrades Norfolk Southern to Underweight, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker downgraded Norfolk Southern (NYSE:NSC) from Equal-Weight to Underweight and reduced the price target from $185 to $175.

January 29, 2024 | 11:02 am
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NEGATIVE IMPACT
Norfolk Southern was downgraded by Morgan Stanley from Equal-Weight to Underweight, with a price target decrease from $185 to $175.
The downgrade by a major financial institution like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term decline in NSC's stock price. The reduction in the price target further supports the expectation of a downward movement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100