Norfolk Southern's Mixed Q3 Results, Stock Upside Potential

Norfolk Southern, a key player in U.S. freight transportation, has seen mixed performance in its stock. Despite a yearly gain of 7.7%, it trails the broader markets 13% rise. However, a strong start to 2023 has seen a 20% increase. Recent third-quarter results beat expectations, but shares dropped due to unmet shipping volume projections and truck market oversupply. Analysts predict 4% EPS growth this year, with most rating the stock a Moderate Buy, suggesting potential for a 10% upside.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.