Morgan Stanley Sticks to Their Sell Rating for Norfolk Southern (NSC)

By Jason Carr

Morgan Stanley analyst Ravi Shanker maintained a Sell rating on Norfolk Southern (NSCResearch Report) today and set a price target of $133. The company’s shares closed yesterday at $176.95.

According to, Shanker is a 3-star analyst with an average return of 2.3% and a 57.1% success rate. Shanker covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and ArcBest Corporation.

Currently, the analyst consensus on Norfolk Southern is a Moderate Buy with an average price target of $186.30.

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Based on Norfolk Southern’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.9 billion and net profit of $700 million. In comparison, last year the company earned revenue of $2.67 billion and had a net profit of $3.97 billion.

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Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States.