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Fly News Breaks for June 3, 2016
NSC
Jun 3, 2016 | 08:12 EDT
Morgan Stanley analyst Ravi Shanker resumed coverage on Norfolk Southern with an Underweight and $71 price target. The analyst said Norfolk's operating metrics lag the Class 1 Rails and notes the topline has significantly eroded due to the decline of coal and expects revenue headwinds to continue.
News For NSC From the Last 2 Days
NSC
Apr 25, 2024 | 07:24 EDT
UBS analyst Thomas Wadewitz lowered the firm's price target on Norfolk Southern to $294 from $302 and keeps a Buy rating on the shares. Norfolk Southern's Q1 was in like with the pre-report, reflecting weak revenue and margin pressure, the analyst tells investors in a research note.