SIG analyst Bascome Majors maintains $Norfolk Southern (NSC.US)$ with a hold rating, and adjusts the target price from $255 to $280.
According to TipRanks data, the analyst has a success rate of 61.2% and a total average return of 10.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Norfolk Southern (NSC.US)$'s main analysts recently are as follows:
The growth in Q3-to-date carload has exceeded initial expectations, now showing an uptick of 7.5% year-over-year. This increase is anticipated to balance out the impact of lower yields/mix, with expectations for an improved operating ratio, reflecting a noteworthy sequential enhancement. The projection of accelerated earnings for Norfolk is underpinned by notable productivity improvements and a strategic emphasis on volume gains.
The anticipation for the third-quarter outcomes for Class 1 Railroads includes a particular focus on the overarching economic environment, especially in light of recent cautious statements from key players indicating a dimmer industrial forecast than previously expected. With regard to Norfolk Southern, there's an expectation that the company's recent changes in operations management will drive significant enhancements, which should lead to robust earnings per share growth extending into 2027. This anticipated growth is believed to not yet be reflected in the current stock valuation.
Note:
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