Benchmark raised the firm’s price target on Norfolk Southern to $270 from $266 and keeps a Buy rating on the shares after the company reported Q2 adjusted EPS of $3.06, topping the $2.86 consensus and the firm’s $2.92 estimate, driven by continued progress on service and productivity. The firm continues to believe Norfolk is on track to close the margin gap with its peers over time, the analyst tells investors.
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