Investing.com reports:
On Monday, UBS upgraded the shares of Norfolk Southern Corp (NYSE:NSC) from Neutral to Buy, with a significant increase in the price target to $302 from the previous $238.
“We are upgrading NSC to Buy from Neutral because we expect stronger performance in NSC’s merchandise network,” said UBS.
The upgrade is based on the expectation that Norfolk Southern’s merchandise business operating ratio (OR) could see a substantial improvement. UBS predicts that the OR …
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