Calamos Advisors LLC and the
National Bank of Canada FI enhanced their stake in
Norfolk Southern Corporation, along with
London Co. of Virginia and
Geneos Wealth Management Inc). Their quarterly earnings exceeded expectations whilst their Q3 report highlighted strong revenue growth. Despite stock sales by
Neville Rodie & Shaw Inc and
Texas Permanent School Fund Corp, and a downgraded rating from
Deutsche Bank, analysts provided an average 'hold' recommendation. Talks of a potential
merger with
Union Pacific generated considerable chatter, despite resistance from the
signalmen's union and several AGs. Both companies filed a
merger application to the STB, aiming to create the first transcontinental railroad. Critics, including CNBC's
Jim Cramer, expressed skepticism. Nonetheless, Norfolk Southern shareholders overwhelmingly backed the transaction.
Encompass Capital Advisors LLC and
SCCM Enhanced Equity Income Fund repositioned their NSC holdings, and the largest rail union endorsed the merger. Some customers and investors remain cautious, suggesting a wait-and-see approach to the stock.
Norfolk Southern Corp NSC News Analytics from Mon, 31 Mar 2025 07:00:00 GMT to Thu, 01 Jan 2026 13:07:12 GMT -
Rating 2
- Innovation 7
- Information 8
- Rumor -4
