Wells Fargo Remains a Buy on Norfolk Southern (NSC)

In a report released yesterday, Christian Wetherbee from Wells Fargo maintained a Buy rating on Norfolk Southern (NSC – Research Report), with a price target of $290.00. The company’s shares closed yesterday at $221.95.

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Wetherbee covers the Industrials sector, focusing on stocks such as XPO, FedEx, and Norfolk Southern. According to TipRanks, Wetherbee has an average return of 9.8% and a 52.63% success rate on recommended stocks.

In addition to Wells Fargo, Norfolk Southern also received a Buy from Barclays’s Brandon Oglenski in a report issued today. However, yesterday, Stifel Nicolaus maintained a Hold rating on Norfolk Southern (NYSE: NSC).

Based on Norfolk Southern’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.02 billion and a net profit of $733 million. In comparison, last year the company earned a revenue of $3.07 billion and had a net profit of $527 million

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NSC in relation to earlier this year. Most recently, in February 2025, Gilbert Lamphere, a Director at NSC bought 607.00 shares for a total of $157,735.02.