Norfolk Southern price target lowered to $315 from $320 at RBC Capital

RBC Capital analyst Walter Spracklin lowered the firm’s price target on Norfolk Southern (NSC) to $315 from $320 and keeps a Sector Perform rating on the shares. The company’s Q3 core earnings were well below expectations and recent customer losses have resulted in the management pulling its revenue and margin guidance, the analyst tells investors in a research note.