UBS Maintains Neutral on Norfolk Southern, Raises Price Target to $238
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Thomas Wadewitz has maintained a Neutral rating on Norfolk Southern (NYSE:NSC) and increased the price target from $209 to $238.
January 29, 2024 | 4:15 pm
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POSITIVE IMPACT
UBS has maintained a Neutral rating on Norfolk Southern but raised the price target from $209 to $238, indicating a positive outlook on the stock's value.
The increase in price target by UBS suggests an improved valuation of Norfolk Southern, which could lead to increased investor confidence and a potential rise in the stock price in the short term. However, the Neutral rating indicates that UBS does not see significant outperformance relative to the market or sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100