JPMorgan downgraded Norfolk Southern (NSC) to Neutral from Overweight with a price target of $288, up from $282, after the company agreed to be acquired by Union Pacific (UNP).
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Read More on NSC:
- Norfolk Southern price target raised to $300 from $290 at Barclays
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- M&A News: Norfolk Southern Stock (NSC) Derails after $85B Union Pacific Takeover
- Norfolk Southern Announces Merger with Union Pacific
- Norfolk Southern downgraded to In Line from Outperform at Evercore ISI