UBS Upgrades Norfolk Southern to Buy, Raises Price Target to $302
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Thomas Wadewitz upgraded Norfolk Southern (NYSE:NSC) from Neutral to Buy and increased the price target from $238 to $302.

March 04, 2024 | 10:14 am
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POSITIVE IMPACT
Norfolk Southern was upgraded by UBS from Neutral to Buy, with a price target increase from $238 to $302.
The upgrade from Neutral to Buy by a major financial institution like UBS, accompanied by a significant increase in the price target, is a strong positive signal for Norfolk Southern. This suggests increased confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100