Norfolk Southern resumed with an Equal Weight at Stephens
Stephens analyst Bascome Majors resumed coverage of Norfolk Southern with an Equal Weight rating and $354 price target. The transport cycle is broadly improving, with more fundamental upside potential than downside risk ahead, its momentum should carry well into 2027, and "investors should capitalize rising earnings at historically elevated multiples," the firm said while resuming its transportation coverage.
Stephens analyst Bascome Majors resumed coverage of Norfolk Southern with an Equal Weight rating and $354 price target.
The transport cycle is broadly improving, with more fundamental upside potential than downside risk ahead, its momentum should carry well into 2027, and "investors should capitalize rising earnings at historically elevated multiples," the firm said while resuming its transportation coverage.