RBC Capital lowered the firm's price target on Norfolk Southern to $320 from $360 and keeps a Sector Perform rating on the shares as part of a broader research note previewing Q2 results for Class I railroads. The firm is adjusting its model with consideration of the $350 acquisition price from Union Pacific (UNP), discounted back at 10%, which RBC expects to be paid out to Norfolk Southern shareholders in 2027, the analyst tells investors in a research note.
