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Bernstein Keeps Their Buy Rating on Norfolk Southern (NSC)

Tipranks - Tipranks - Sat Jun 13, 6:52AM CDT

Bernstein analyst David Vernon maintained a Buy rating on Norfolk Southern yesterday and set a price target of $378.00. The company’s shares closed yesterday at $310.53.

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Vernon covers the Industrials sector, focusing on stocks such as United Airlines Holdings, Delta Air Lines, and FedEx. According to TipRanks, Vernon has an average return of 11.7% and a 67.98% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Norfolk Southern with a $340.00 average price target.

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Based on Norfolk Southern’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3 billion and a net profit of $547 million. In comparison, last year the company earned a revenue of $2.99 billion and had a net profit of $750 million

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