Norfolk Southern price target lowered to $245 from $247 at Stifel

Stifel lowered the firm’s price target on Norfolk Southern (NSC) to $245 from $247 and keeps a Hold rating on the shares. The company’s first quarter results underscore its recent turnaround, laying the groundwork for margin expansion and long-term volume recovery, the analyst tells investors in a research note. The firm added that while the company continues to make good progress, it expects the softer freight environment and market uncertainty will ultimately put a ceiling on growth this year.