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.