Norfolk Southern shares are trading lower as the National Transportation Safety Board holds its final meeting to discuss last year's train derailment that released toxic chemicals in East Palestine, Ohio. Also, Susquehanna and Wells Fargo lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Norfolk Southern shares are trading lower as the National Transportation Safety Board holds its final meeting to discuss last year's train derailment that released toxic chemicals in East Palestine, Ohio. Additionally, Susquehanna and Wells Fargo have lowered their price targets on the stock.
June 25, 2024 | 2:30 pm
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Norfolk Southern shares are trading lower due to the National Transportation Safety Board's final meeting on last year's toxic train derailment in East Palestine, Ohio. Additionally, Susquehanna and Wells Fargo have lowered their price targets on the stock.
The NTSB's final meeting on the toxic train derailment is likely to bring negative attention to Norfolk Southern, potentially leading to regulatory actions or fines. The lowered price targets from Susquehanna and Wells Fargo further indicate a bearish outlook on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100