Norfolk Southern Hold Rating: Balancing Operational Improvements with Market Challenges and Merger Uncertainties
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Fadi Chamoun has assigned a Hold rating to Norfolk Southern, citing operational improvements but facing market challenges and merger uncertainties. Recent quarterly results met expectations but fell short of market consensus, with pressures in volume outlook and limited cost reduction opportunities. The ongoing STB merger review adds complexity, while competitive pressures in intermodal and uncertainties in automotive and coal sectors pose risks. Chamoun, a 5-star analyst, notes that the risk/reward profile favors Union Pacific. Citi also maintains a Hold rating with a $307.00 price target.
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