Fly News Breaks for January 30, 2020
Jan 30, 2020 | 07:50 EDT
Argus analyst John Eade raised his price target on Norfolk Southern to $235 and kept his Buy rating after its Q4 earnings beat. The analyst says that while rail volumes declined over the past 3 quarters due to tariffs, the management continues to drive earnings growth through productivity improvements, with added long term benefits coming from lower fuel prices.
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