TD Cowen Downgrades Norfolk Southern to Market Perform, Raises Price Target to $236
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jason Seidl downgraded Norfolk Southern (NYSE:NSC) from Outperform to Market Perform while raising the price target from $233 to $236.

January 29, 2024 | 12:26 pm
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NEUTRAL IMPACT
Norfolk Southern was downgraded by TD Cowen from Outperform to Market Perform, although the price target was increased from $233 to $236.
The downgrade to Market Perform suggests that TD Cowen believes Norfolk Southern will perform in line with the market, indicating a neutral outlook on the stock's short-term performance. However, the increase in the price target implies a slight optimism about the company's value, which could balance out the impact of the downgrade. Investors may view the downgrade as a sign to be cautious, while the price target increase could be seen as a modest positive signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100