Norfolk Southern To See Volume Gains Amid Productivity Improvements Despite Management Churn: Analyst
Southern Company(SO) Benzinga·2024-09-13 03:40
BofA Securities analyst Ken Hoexter reiterated the Buy rating on Norfolk Southern Corporation NSC, with a price objective of $259. Norfolk Southern has appointed Mark George as President & CEO, replacing Alan Shaw, who was terminated for violating company policies. The board's decision follows an investigation revealing Shaw's inappropriate relationship with the company's Chief Legal Officer. Norfolk Southern has reaffirmed its 2024 targets, aiming for a 66% full-year operating ratio with a 64% – 65% target ...