Wells Fargo Maintains Overweight on Norfolk Southern, Raises Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Christian Wetherbee has maintained an Overweight rating on Norfolk Southern and increased the price target from $270 to $280.
October 23, 2024 | 2:51 pm
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Wells Fargo has reaffirmed its positive outlook on Norfolk Southern by maintaining an Overweight rating and increasing the price target to $280, indicating confidence in the company's future performance.
The increase in price target from $270 to $280 by Wells Fargo suggests a positive outlook on Norfolk Southern's future performance. The Overweight rating indicates that the analyst expects the stock to outperform its peers, which could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100