Susquehanna cut target for Norfolk Southern stock to USD 350.00

Published on 10/09/2026 at 15:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 11.41 percent to USD 3.47 billion in second-quarter results. Norfolk Southern stock costs EUR 283.20 on October 9, 2026 after EUR 282.75.

Key points in brief

Susquehanna cut its Norfolk Southern price target from USD 386.00 to USD 350.00 on October 2, 2026.
Second-quarter 2026 revenue rose 11.41 percent year over year to USD 3.465 billion.
Norfolk Southern stock was trading at EUR 283.20 at Lang & Schwarz on October 9, 2026, plus 0.16 percent versus the prior close.
The company will announce third-quarter 2026 results on October 22, 2026.

Aquarellmalerei einer kurvigen Eisenbahnstrecke durch ein herbstliches grünes Tal — Norfolk Southern Corp. (US6558441084): zartes Aquarellbild einer kurvigen Bahntrasse durch herbstliches Tal mit Güterzug, Illustration mit AI erstellt.

Norfolk Southern (ISIN US6558441084) was trading at EUR 283.20 at Lang & Schwarz on October 9, 2026 at 3:10 p.m. CEST, plus 0.16 percent versus the prior close of EUR 282.75. Ground News reported on October 2, 2026 that Susquehanna had cut its Norfolk Southern target from USD 386.00 to USD 350.00 and assigned a Neutral rating.

Three dated operating milestones

On July 23, 2026, Norfolk Southern reported second-quarter revenue of USD 3.465 billion and adjusted diluted earnings per share of USD 3.52, according to ScanX. On September 10, 2026, Norfolk Southern said its second-quarter intermodal volumes had grown 5 percent, according to its company release. On October 8, 2026, Union Pacific said its proposed combination with Norfolk Southern could move 2.1 million truckloads from highways each year, according to Union Pacific.

What is pressuring margins?

The second-quarter revenue gain came with a weaker efficiency measure. GAAP operating income from railway operations fell 4 percent year over year to USD 1.1 billion, while the adjusted operating ratio widened 210 basis points year over year to 65.5 percent, according to ScanX. The figures separate revenue momentum from cost control, making the October results a test of whether volume growth can offset fuel and merger-related pressure.

Next results arrive October 22

Norfolk Southern will announce third-quarter 2026 results on October 22, 2026, with the conference call scheduled for 10:00 a.m. ET, according to Norfolk Southern. The upcoming report will place the 65.5 percent adjusted operating ratio and the 5 percent intermodal-volume increase against the next quarter's fuel and service trends.

EUR 283.20 in afternoon trading

Norfolk Southern stock was trading at EUR 283.20 at Lang & Schwarz on October 9, 2026 at 3:10 p.m. CEST, plus 0.16 percent versus the prior close of EUR 282.75. The finance quote for NSC showed a USD 71.2 billion market capitalization, a 52-week range of USD 277.80 to USD 358.60 and 555,248 shares of volume as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Norfolk Southern stock.