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UBS has lowered its price target for Norfolk Southern Corporation to $275 from $284 while maintaining a Buy rating. The company focuses on merchandise transportation by rail, with net sales primarily from freight transportation (64.6%) and intermodal services (25.4%). As of the end of 2023, Norfolk Southern operates a rail network of 56,397.9 km and a fleet that includes 3,336 locomotives and 40,582 freight cars.
UBS has lowered its price target for Norfolk Southern from $305 to $284 while maintaining a Buy rating, as the stock trades at $235.89. Despite strong fundamentals and a 44-year dividend payment streak, EPS estimates for 2025 have been revised down to $12.60 due to anticipated economic challenges. The company reported Q4 2024 EPS of $3.04, exceeding forecasts, but revenue fell slightly short at $3.02 billion, highlighting operational improvements and plans for future growth.
UBS Global Research has revised its EPS forecasts for U.S. rail companies, citing softening industrial markets. EPS estimates for Union Pacific, Norfolk Southern, and CSX have been lowered for 2025 and 2026, with price targets also adjusted downward due to anticipated declines in coal yield and flat merchandise volume. Despite expected productivity gains, achieving significant earnings growth will require improvements in both pricing and volume.
UBS Global Research has downgraded EPS forecasts for U.S. rail companies, citing a potential softening in industrial markets. EPS estimates for Union Pacific, Norfolk Southern, and CSX have been reduced for 2025 and 2026, alongside lowered price targets, as productivity gains are not expected to fully offset the impact on earnings. The analysts highlight a trend of declining rail industry pricing and increased cyclicality, with coal yields and merchandise volume contributing to slower revenue growth.
Barclays has lowered its price target for Norfolk Southern Corporation to $290 from $305 while maintaining an overweight rating. The company focuses on merchandise transportation by rail, with net sales primarily from freight transportation (64.6%) and intermodal services (25.4%). Norfolk Southern operates a rail network of 56,397.9 km and a fleet that includes 3,336 locomotives and 40,582 freight cars.
Wells Fargo has adjusted its price target for Norfolk Southern Corporation to $290 from $300 while maintaining an overweight rating. The company focuses on merchandise transportation by rail, with net sales primarily from freight transportation (64.6%) and intermodal services (25.4%). As of the end of 2023, Norfolk Southern operates a rail network of 56,397.9 km and a fleet that includes 3,336 locomotives and 40,582 freight cars.
CVS Health has reached an agreement with activist investor Glenview Capital to add four new members to its board, including Glenview CEO Larry Robbins, following the ousting of former chief Karen Lynch. The board will expand to 16 members as CVS aims to enhance value amid challenges in its Medicare Advantage business and ongoing cost-cutting measures.
Norfolk Southern and activist investor Ancora have reached a settlement to avoid a proxy fight, expanding the board from 13 to 14 members. Ancora withdrew its nominations for four candidates after the ousting of former CEO Alan Shaw due to an inappropriate workplace relationship. The company is now seeking an independent director to join the board as part of a renewed focus on operational leadership.
For the first time in over six decades, Class 1 freight railroads are diverging in their union negotiation strategies, with Union Pacific opting for localized talks while CSX, Norfolk Southern, and BNSF pursue national agreements. BNSF has ratified agreements covering 53% of its union workforce, while Norfolk Southern has reached tentative agreements with 10 of its 13 unions, ensuring wage increases and improved benefits. The shift in negotiation tactics reflects a focus on service and efficiency amid ongoing labor discussions.
Norfolk Southern Corp.'s new CEO, Mark George, is prioritizing operational efficiency following the departure of his predecessor amid a workplace scandal. He aims to restore productivity and address the imbalances that have affected the railroad's performance.
Norfolk Southern Corporation
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