Two Wall Street analysts said Norfolk Southern won’t see a major hit to its bottom line following a major derailment in East Palestine, Ohio, a village roughly 50 miles from Pittsburgh.
Bank of America and Cowen published reports on Tuesday concerning the Feb. 3 derailment of some 50 cars, several of which were hauling hazardous chemicals. The accident has sparked international media attention.
The 150-car Norfolk Southern train derailed on the Ohio-Pennsylvania border. In the days after,...