Norfolk Southern price target lowered to $235 from $240 at Barclays

Barclays analyst Brandon Oglenski lowered the firm’s price target on Norfolk Southern to $235 from $240 and keeps an Equal Weight rating on the shares. Norfolk reported a slightly softer Q4 and signaled long-term margins are likely to lag competitors, at least as management pursues improved safety and service outcomes in the near-term, with cost leverage potential developing in future periods, the analyst tells investors in a research note.