JPMorgan cuts target for Norfolk Southern stock to USD 318.00

Published on 10/13/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 3.46 billion, up 11.41 percent year over year. Norfolk Southern stock costs EUR 287.55 on October 13, 2026.

Key points in brief

JPMorgan cut Norfolk Southern's price target from USD 338.00 to USD 318.00 on October 5, 2026, while keeping a Neutral rating.
Second-quarter 2026 revenue reached USD 3.46 billion, up 11.41 percent year over year, while GAAP diluted earnings per share fell 4.40 percent to USD 3.26.
Norfolk Southern stock was at EUR 287.55 at Lang & Schwarz on October 13, 2026 at 11:54 a.m. CEST.
The company is scheduled to release third-quarter 2026 results on October 22, 2026 at 10:00 a.m. ET.

Editorialfoto der New Yorker Börsenfassade überlagert mit Güterzug und Kursverlauf — Norfolk Southern Corp. (US6558441084): Börsen-Editorialbild der NYSE-Fassade überlagert mit Güterzug und Aktienkurvenverlauf, Illustration mit AI erstellt.

Norfolk Southern (ISIN US6558441084) was at EUR 287.55 at Lang & Schwarz on October 13, 2026 at 11:54 a.m. CEST. On October 5, 2026, JPMorgan analyst Brian Ossenbeck cut the price target from USD 338.00 to USD 318.00 while keeping a Neutral rating, according to Markets Insider.

Three milestones shape the case

On July 23, 2026, Norfolk Southern reported second-quarter revenue of USD 3.465 billion, up 11.41 percent from USD 3.110 billion a year earlier, while GAAP diluted earnings per share fell 4.40 percent to USD 3.26. The figures were reported by Yahoo Finance.

On September 22, 2026, Norfolk Southern and Union Pacific said the Surface Transportation Board had rejected requests to dismiss their merger application. The proposed combination would create seven premium intermodal lanes and convert 10,000 interline lanes to single-line routes, according to Norfolk Southern.

On October 5, 2026, JPMorgan's target reduction added a more cautious valuation marker to the merger story. The USD 318.00 target remains below the USD 338.00 level cited in the earlier note, while the bank retained its Neutral view, according to Markets Insider.

What matters before October 22?

The next test is operating efficiency. In the second quarter of 2026, the adjusted operating ratio widened to 65.50 percent from 63.40 percent a year earlier, even as adjusted diluted earnings per share rose 6.99 percent to USD 3.52, according to Yahoo Finance. That contrast leaves the October report with two distinct benchmarks: continued revenue growth and tighter cost control.

The next dated catalysts

Norfolk Southern said on October 2, 2026 that it will release third-quarter 2026 results on October 22, 2026, with the conference call scheduled for 10:00 a.m. ET, according to Norfolk Southern. The merger timetable points to the second half of 2027 for completion, subject to Surface Transportation Board review and approval.

At Lang & Schwarz, Norfolk Southern was at EUR 287.55 on October 13, 2026 at 11:54 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Norfolk Southern stock.