Norfolk Southern price target lowered to $226 from $239 at Bernstein

Bernstein lowered the firm’s price target on Norfolk Southern to $226 from $239 and keeps a Market Perform rating on the shares following quarterly results. The company indicated that it will continue to invest in service recovery amidst a "murky" demand outlook, the firm says. Bernstein likes some parts of the set up but thinks it will be hard to re-rate the stock with export coal rolling.