Norfolk Southern price target raised to $282 from $272 at RBC Capital

RBC Capital raised the firm’s price target on Norfolk Southern (NSC) to $282 from $272 and keeps an Outperform rating on the shares after its Q3 earnings beat. The company’s results demonstrate its success in achieving cost savings, reaffirming that Norfolk Southern is in the midst of a structural cost turnaround, the analyst tells investors in a research note. On a relative basis, Q3 also stands out as a notable positive against a peer that had a more challenging quarter, the firm added.