Initiated Buy X

NSC Norfolk Southern

Deutsche Bank

$293

Downgrades Buy Hold X

NSC Norfolk Southern

Loop Capital

$289 $256

Initiated Buy X

NSC Norfolk Southern

Citigroup

$294

Reiterated Hold X

NSC Norfolk Southern

TD Cowen

$251 $253

Resumed Underweight X

NSC Norfolk Southern

Morgan Stanley

$175

Initiated Overweight X

NSC Norfolk Southern

Wells Fargo

$270

Upgrades Sec Perform Outperform X

NSC Norfolk Southern

RBC Capital Mkts

$270

Initiated Buy X

NSC Norfolk Southern

Jefferies

$300

Reiterated Market Perform X

NSC Norfolk Southern

TD Cowen

$236 $253

Upgrades Neutral Buy X

NSC Norfolk Southern

UBS

$238 $302

Upgrades Eq Weight Overweight X

NSC Norfolk Southern

Barclays

$255 $305

Downgrades Eq-Weight Underweight X

NSC Norfolk Southern

Morgan Stanley

$185 $175

Downgrades Buy Hold X

NSC Norfolk Southern

Stifel

$250 $233

Downgrades Outperform Mkt Perform X

NSC Norfolk Southern

TD Cowen

$233 $236

Upgrades Mkt Perform Outperform X

NSC Norfolk Southern

Bernstein

$272

Upgrades Neutral Buy X

NSC Norfolk Southern

BofA Securities

$204 $248

Downgrades Buy Neutral X

NSC Norfolk Southern

BofA Securities

$266 $215

Upgrades Hold Buy X

NSC Norfolk Southern

Vertical Research

$260

Upgrades Neutral Buy X

NSC Norfolk Southern

Citigroup

$226 $257

Upgrades Eq Weight Overweight X

NSC Norfolk Southern

Wells Fargo

$225 $250

Upgrades In-line Outperform X

NSC Norfolk Southern

Evercore ISI

$242

Upgrades Neutral Overweight X

NSC Norfolk Southern

JP Morgan

$250

Reiterated Equal Weight X

NSC Norfolk Southern

Barclays

$250 $235

Reiterated Mkt Perform X

NSC Norfolk Southern

Bernstein

$239 $226

Reiterated Outperform X

NSC Norfolk Southern

BMO Capital Markets

$250 $240

Reiterated Sector Perform X

NSC Norfolk Southern

RBC Capital Mkts

$221 $210

Reiterated Buy X

NSC Norfolk Southern

Stifel

$247 $243

Reiterated Neutral X

NSC Norfolk Southern

Susquehanna

$220 $230

Upgrades Underweight Eq-Weight X

NSC Norfolk Southern

Morgan Stanley

$177

Downgrades Buy Hold X

NSC Norfolk Southern

Argus

Upgrades Peer Perform Outperform X

NSC Norfolk Southern

Wolfe Research

$255

Upgrades Hold Buy X

NSC Norfolk Southern

Deutsche Bank

$273 $266

Downgrades Overweight Eq Weight X

NSC Norfolk Southern

Wells Fargo

$285 $245

Downgrades Outperform In-line X

NSC Norfolk Southern

Evercore ISI

$240 $262

Downgrades Outperform Peer Perform X

NSC Norfolk Southern

Wolfe Research

Upgrades Underperform Sec Perform X

NSC Norfolk Southern

RBC Capital Mkts

$221 $237

Downgrades Outperform Neutral X

NSC Norfolk Southern

Robert W. Baird

$280 $240

Downgrades Positive Neutral X

NSC Norfolk Southern

Susquehanna

$275 $218

Downgrades Buy Neutral X

NSC Norfolk Southern

UBS

Upgrades Hold Buy X

NSC Norfolk Southern

Stifel

$289 $275

Downgrades Overweight Neutral X

NSC Norfolk Southern

JP Morgan

$306 $258

Initiated Outperform X

NSC Norfolk Southern

Credit Suisse

$267

Downgrades Buy Neutral X

NSC Norfolk Southern

Citigroup

$345 $260

Downgrades Overweight Eq-Weight X

NSC Norfolk Southern

Stephens

$325 $310

Upgrades Neutral Buy X

NSC Norfolk Southern

BofA Securities

$263 $325

Initiated Neutral X

NSC Norfolk Southern

Atlantic Equities

$276

Upgrades In-line Outperform X

NSC Norfolk Southern

Evercore ISI

$301 $303

Resumed Hold X

NSC Norfolk Southern

Stifel

$272

Initiated Hold X

NSC Norfolk Southern

Vertical Research

$240

Downgrades Outperform In-line X

NSC Norfolk Southern

Evercore ISI

Reiterated Outperform X

NSC Norfolk Southern

Cowen

$224 $254

Upgrades Neutral Outperform X

NSC Norfolk Southern

Robert W. Baird

$286

Downgrades Buy Hold X

NSC Norfolk Southern

Cascend Securities

Initiated Buy X

NSC Norfolk Southern

Goldman

$237

Reiterated Outperform X

NSC Norfolk Southern

Cowen

$200 $230

Upgrades Neutral Buy X

NSC Norfolk Southern

BofA/Merrill

$205

Downgrades Sec Perform Underperform X

NSC Norfolk Southern

RBC Capital Mkts

$180 $178

Reiterated Outperform X

NSC Norfolk Southern

Cowen

$194 $200

Initiated Neutral X

NSC Norfolk Southern

Atlantic Equities

Upgrades Neutral Overweight X

NSC Norfolk Southern

JP Morgan

Upgrades Hold Buy X

NSC Norfolk Southern

TD Securities

Downgrades Buy Neutral X

NSC Norfolk Southern

BofA/Merrill

Upgrades Sell Hold X

NSC Norfolk Southern

Loop Capital

Reiterated Hold X

NSC Norfolk Southern

Stifel

$159 $176

Upgrades Neutral Buy X

NSC Norfolk Southern

Citigroup

Resumed Hold X

NSC Norfolk Southern

Stifel

$158

Reiterated Outperform X

NSC Norfolk Southern

Cowen

$165 $163

NSC  Norfolk Southern Corporation

Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest. The Company, through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers the intermodal network in the eastern half of the United States. The Company's system reaches various manufacturing plants, electric generating facilities, mines, distribution centers and other businesses located in its service area. The Company's intermodal market group consists of shipments moving in trailers, domestic and international containers, and RoadRailer equipment.