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StocksUpdated×2•Originally published 27 April 2026•Updated 28 April 2026•

1 min read

Baird Raises Norfolk Southern Price Target to $330 Despite Valuation Concerns

Key Facts

1BMO Capital increased its price target for Norfolk Southern to $310 from $305 while maintaining a Market Perform rating.

2The raised target is primarily based on the potential regulatory approval of a merger with Union Pacific.

3Norfolk Southern's Q1 2026 results exceeded expectations, though BMO noted operating performance lags behind peers.

Baird has increased its price target for Norfolk Southern (NSC) to $330, surpassing previous targets set by BMO Capital and Evercore ISI. This upward revision follows robust Q1 results and CEO Mark George's commitment to operational discipline to close performance gaps with industry peers. Despite the optimism, NSC is currently trading at $318.89, a level considered overvalued according to GuruFocus valuation metrics. Separately, Procter & Gamble reported strong Q3 results, beating analyst estimates and reaffirming its full-year guidance. Investors continue to monitor Norfolk Southern's potential for merger synergies and its ability to sustain momentum despite premium valuation levels.

3 months ago

Version History

Version 23 months ago

What changed: The story was updated to include Baird raising the price target to $330 and context regarding the stock being overvalued at its current trading price of $318.89.

Version 13 months ago

What changed: Added Evercore ISI price target updates and CEO comments for Norfolk Southern, along with Procter & Gamble's Q3 earnings beat and guidance affirmation.