Wells Fargo Initiates Coverage On Norfolk Southern with Overweight Rating, Announces Price Target of $270
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Norfolk Southern (NYSE:NSC) with an Overweight rating and a price target of $270.
June 07, 2024 | 2:23 pm
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Wells Fargo has initiated coverage on Norfolk Southern with an Overweight rating and a price target of $270, indicating a positive outlook for the stock.
The Overweight rating and a price target of $270 from a major financial institution like Wells Fargo suggest a positive short-term impact on Norfolk Southern's stock price. Investors are likely to view this as a strong endorsement, potentially driving the stock price up.
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IMPORTANCE 80
RELEVANCE 100