Bernstein Sticks to Their Buy Rating for Norfolk Southern (NSC)

Bernstein reiterated a Buy rating on Norfolk Southern (NSC) and set a $396.00 price target after shares closed at $313.00. Analyst David Vernon, who covers the Industrials sector, also follows companies including United Airlines Holdings, CH Robinson and JB Hunt. TipRanks data cited in the piece shows Vernon with an average return of 9.9% and a 61.95% success rate on recommended stocks. The note adds that Norfolk Southern received another Buy from Wells Fargo’s Christian Wetherbee in a report dated September 21, while RBC Capital maintained a Hold rating on September 24. For the quarter ending June 30, Norfolk Southern reported revenue of $3.47 billion and net profit of $734 million, versus $3.11 billion revenue and $768 million net profit a year earlier.