Barclays Maintains Equal-Weight on Norfolk Southern, Lowers Price Target to $235
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Equal-Weight rating on Norfolk Southern (NYSE:NSC) but reduced the price target from $240 to $235.

January 29, 2024 | 6:13 pm
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NEUTRAL IMPACT
Barclays has maintained an Equal-Weight rating on Norfolk Southern and lowered the price target from $240 to $235, indicating a potential limited upside or downside.
The adjustment in price target by Barclays reflects a modest change in valuation, suggesting a neutral outlook on the stock. The reduction in price target is slight, indicating that the analyst sees limited upside potential, but the maintenance of an Equal-Weight rating does not suggest significant downside risk. Therefore, the short-term impact on the stock price is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100