Norfolk Southern upgraded to Buy from Hold at Deutsche Bank Deutsche Bank upgraded Norfolk Southern citing valuation and muted export coal expectations. The firm raised its price target for shares to $78 from $66.
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Norfolk Southern downgraded at Credit Suisse As previously reported, Credit Suisse downgraded Norfolk to Neutral from Outperform. The firm downgraded shares due to a lower EBIT base, severe network challenges, and likely higher costs. Price target lowered to $115 from $122.