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Fly News Breaks for January 30, 2020
Jan 30, 2020 | 08:10 EDT
BMO Capital analyst Fadi Chamoun raised his price target on Norfolk Southern to $210 after its Q4 earnings beat, but notes that the quarter was driven by a number of one-time items and unusual benefits. The analyst keeps his Market Perform on the company, saying that a constructive revenue environment is required to keep Norfolk Southern on track to 60% operating ratio, but that his confidence in those conditions is lacking.
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