Norfolk Southern (NSC) PT Raised to $285 at Susquehanna

Susquehanna analyst Bascome Majors raised the price target on Norfolk Southern (NYSE: NSC) to $285.00 (from $280.00) while maintaining a Neutral rating.

The analyst comments "NSC delivered a solid 3Q in Mark George's first quarter with the CEO reins, while threading the needle on managing super-seasonal 4Q expectations. We like NSC's story here as cash flow inflects; we just don't love the valuation. NSC reported adjusted 3Q24 EPS of $3.25 (excludes net $1.60 line gains, insurance recoveries, and restructuring), $0.21 above our $3.04 and $0.14 above consensus."

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