Morgan Stanley Reinstates Underweight on Norfolk Southern, Announces $175 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has reinstated an Underweight rating on Norfolk Southern (NYSE:NSC) and announced a price target of $175.
July 08, 2024 | 9:30 am
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Morgan Stanley analyst Ravi Shanker has reinstated an Underweight rating on Norfolk Southern (NYSE:NSC) and set a price target of $175.
The Underweight rating and the $175 price target from Morgan Stanley suggest a bearish outlook on Norfolk Southern's stock. This could lead to a short-term decline in the stock price as investors react to the negative sentiment.
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