Norfolk Southern price target lowered to $286 from $296 at Bernstein

Bernstein lowered the firm’s price target on Norfolk Southern (NSC) to $286 from $296 and keeps an Outperform rating on the shares. The firm says the railroads have gone from being a consensus long sector to being a relatively boring group, dragged down by anemic demand and struggling through cost pressure and margin erosion. Bernstein remains of the view that “we are moving past the worst of times.”