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Norfolk Southern (NYSE:NSC) Raised to Hold at Zacks Research
Zacks Research upgraded Norfolk Southern (NYSE:NSC) from a “strong sell” to a “hold” rating following several other analyst adjustments, including price target changes and rating upgrades from firms like Barclays, Susquehanna, Morgan Stanley, and Robert W. Baird. The railroad operator recently reported strong Q4 earnings, surpassing analyst estimates, with revenue of $3 billion. Institutional investors have slightly increased their holdings in the company, which has a current market capitalization of $69.97 billion.