Norfolk Southern (NSC) PT Raised to $200 at Cowen

Cowen analyst Jason Seidl raised the price target on Norfolk Southern (NYSE: NSC) to $200.00 (from $194.00) while maintaining a Outperform rating.

Seidl commented, "NSC issued a strong 2021 OR target at their Atlanta investor day, as part of a larger update on their PSR implementation plans. Mgmt introduced new operating plan TOP21, and explained how this is the natural complement and successor to the current "clean sheeting" initiatives and PSR elements the company has implemented. We increase our estimates and price target to $200."

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