Barclays analyst Brandon Oglenski maintains $Norfolk Southern (NSC.US)$ with a buy rating, and adjusts the target price from $290 to $305.
According to TipRanks data, the analyst has a success rate of 58.7% and a total average return of 9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Norfolk Southern (NSC.US)$'s main analysts recently are as follows:
Analysts note that transportation equities may see advantages from reduced U.S. corporate tax rates after the recent presidential election. With the market assigning higher multiples and displaying a more positive outlook for cyclical U.S. industrial exposure, price targets in the sector have been elevated.
Sentiment for the North America transport sector has rapidly improved, despite mixed Q3 earnings reports and generally cautious Q4 forecasts. Concerns are growing that investors may be pursuing stocks that have significantly appreciated in value, requiring companies to substantially exceed estimates to justify current market prices. There's also a rising concern that earnings predictions for 2025 could fall short of expectations.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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