JP Morgan Lowers Norfolk Southern Price Target to $296, Maintains Neutral Rating

JP Morgan maintains a "Neutral" rating on Norfolk Southern (NSC) and lowers the price target to $296 from $301, a 1.66% decrease. The price target adjustment reflects a decrease in the anticipated stock value of the railroad industry giant. Norfolk Southern operates in the Eastern United States, hauling shipments of coal, intermodal traffic, and a diverse mix of automotive, agriculture, metal, chemical, and forest products. The average target price for Norfolk Southern Corp is $307.35 with a high estimate of $350.00 and a low estimate of $282.24, indicating an upside of 6.29% from the current price of $289.16.