Investment firm Stifel has adjusted its outlook on Norfolk Southern (NSC, Financial), reducing its price target from $247 to $245. Despite maintaining a Hold rating, the firm highlights the company's positive strides in its recent turnaround, which have set the stage for potential margin growth and a rebound in volume over the long term.
Norfolk Southern's first-quarter performance indicates a constructive shift in operations, as noted by Stifel. However, the firm cautions that the current softness in the freight market and prevailing economic uncertainties could limit the company's growth potential this year.
