Norfolk Southern Poised for Long-Term Efficiency, Analyst Projects Improved Operating Ratios

Norfolk Southern Corporation NSC shares are trading higher after the company reported second-quarter financial results yesterday, and several analysts revised their price target. On Thursday, the company reported railway operating revenue of $3 billion, up 2$3.06 per share, beating analyst estimates of $2.86 per share. RBC Capital Markets analyst Walter Spracklin lowered the price target to$267 (from $270) and reiterated the Outperform rating. Building on John Orr ...