Norfolk Southern Corp. (NSC, Financial) has seen its price target reduced by BMO Capital analyst Fadi Chamoun, who revised the target from $265 to $255. Despite the company's first-quarter results surpassing expectations, the analyst maintains a "Market Perform" rating for the stock.
The analyst commended Norfolk Southern's robust operational momentum but indicated that comparisons could become more challenging as the year advances. Additionally, Chamoun noted that although management has the option to implement cost-saving measures if necessary, the overall demand outlook appears to be weakening.
