NSC - Norfolk Southern's $600M Agreement To Solve East Palestine Derailment Is A Negative Says Analyst | Benzinga
RBC Capital analyst Walter Spracklin reiterated a Sector Perform rating for shares of Norfolk Southern Corp (NYSE:NSC) with a price target of $270.
The company reported preliminary first-quarter FY24 revenues of $3.004 billion and an adjusted EPS of $2.49.
The company reiterated guidance for the operating ratio improvement of 400 basis points in H2/24 and a sub-60% operating ratio over the next 3-4 years, in line with the analyst's expectations.
The analyst expects new operating management to enact meaningful change at Norfolk.
NSC also reached a $600 million agreement in principle to resolve a consolidated class action lawsuit relating to the East Palestine ...