These Analysts Revise Their Forecasts On Norfolk Southern Following Q4 Results
Portfolio Pulse from Avi Kapoor
Norfolk Southern Corp (NYSE:NSC) reported Q4 fiscal 2023 results with a 5% Y/Y decline in railway operating revenue and adjusted EPS below consensus. Shares fell 1.5% after the report. Analysts from Morgan Stanley, Stifel, and TD Cowen revised their price targets and ratings, with Morgan Stanley and Stifel downgrading the stock and TD Cowen slightly increasing the target but also downgrading the rating.
January 29, 2024 | 12:56 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Norfolk Southern's Q4 earnings miss and subsequent stock downgrade by analysts may lead to short-term bearish sentiment among investors.
The earnings miss and negative revisions by analysts typically result in a negative short-term impact on a stock's price. The downgrades from 'Equal-Weight' to 'Underweight' by Morgan Stanley and from 'Buy' to 'Hold' by Stifel, along with a slight price target increase but downgrade from 'Outperform' to 'Market Perform' by TD Cowen, suggest a bearish outlook that could influence investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100