Norfolk Southern's Operational Turnaround To Drive Over 20% EPS Growth Through 2027, Analyst Says
Portfolio Pulse from Lekha Gupta
RBC Capital Markets analyst Walter Spracklin upgraded Norfolk Southern Corporation (NYSE:NSC) to Outperform, maintaining a price target of $270. The upgrade is based on expected operational improvements and significant EPS growth through 2027. Investors can also gain exposure via TCW Transform Supply Chain ETF (BATS:SUPP) and First Trust Nasdaq Transportation ETF (NASDAQ:FTXR).
May 23, 2024 | 6:01 pm
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POSITIVE IMPACT
First Trust Nasdaq Transportation ETF offers another way for investors to gain exposure to Norfolk Southern's anticipated growth.
FTXR ETF includes Norfolk Southern, and the positive outlook for NSC could benefit the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
RBC Capital Markets upgraded Norfolk Southern Corporation to Outperform with a $270 price target, citing expected operational improvements and significant EPS growth through 2027.
The upgrade to Outperform and the maintained price target of $270 reflect strong confidence in Norfolk Southern's operational turnaround and EPS growth. This is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Norfolk Southern's expected growth through the TCW Transform Supply Chain ETF.
SUPP ETF includes Norfolk Southern, and the positive outlook for NSC could benefit the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50