Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios
Southern Company(SO) Benzinga·2024-07-27 02:10
Norfolk Southern Corporation NSC shares are trading higher after the company reported second-quarter financial results yesterday, and several analysts revised their price target. On Thursday, the company reported railway operating revenue of $3 billion, up 2% Y/Y, and delivered adjusted earnings of $3.06 per share, beating analyst estimates of $2.86 per share. RBC Capital Markets analyst Walter Spracklin lowered the price target to $267 (from $270) and reiterated the Outperform rating. Building on John Orr ...