What To Know About Barclays's Upgrade of Norfolk Southern
Portfolio Pulse from Benzinga Insights
Barclays upgraded Norfolk Southern (NYSE:NSC) to Overweight with a new price target of $305.00, up from $255.00. Norfolk Southern's shares have risen 1.97% in the last 24 hours to $258.79. The new target suggests a 17.86% potential upside. Norfolk Southern is a Class-I railroad operating in the Eastern U.S., hauling various goods over 20,000 miles of track.
February 21, 2024 | 5:00 pm
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POSITIVE IMPACT
Barclays upgraded Norfolk Southern to Overweight, raising the price target from $255.00 to $305.00. The stock has already seen a 1.97% increase, with further upside potential.
The upgrade by Barclays to Overweight and the increase in price target to $305.00 directly impacts Norfolk Southern's stock by potentially boosting investor confidence and demand for NSC shares. The recent 1.97% increase in share price reflects positive market reaction, and the new target suggests significant upside potential. Given the direct nature of analyst ratings on stock prices, this upgrade is highly relevant and important for investors in NSC.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100