TD Cowen Raises Norfolk Southern (NSC) Price Target to $379
Key Points
- TD Cowen maintained a Buy rating on Norfolk Southern Corporation on October 23, 2026, while bumping its price target to $379.00 from $376.00.
- TD Cowen's $379 price target implies 14.36% upside from Norfolk Southern Corporation's ($NSC) current $331.42 share price.
- Norfolk Southern recently reported trailing-twelve-month revenue of $12.96 billion alongside a net profit margin of 20.7%.
- Wall Street maintains a consensus hold rating on the railroad operator with a mean price target of $358.72.
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TD Cowen maintained its Buy rating on Norfolk Southern Corporation on October 23, 2026, while nudging its price target up from $376.00 to $379.00. The research note arrived on the same day other Wall Street firms updated their outlooks on the rail carrier.
NSC
Norfolk Southern Corporation
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TD Cowen's Call on Norfolk Southern
In its October 23, 2026 note, TD Cowen kept a positive stance on the railroad operator. The firm lifted its target to $379.00 from $376.00, reflecting confidence in the transportation provider's operational path.
Other Institutional Activity in Norfolk Southern
Millennium Management Llc grew its holdings by 617,496 shares, ending with 5,201,728 shares worth about $1,726,193,468. Pentwater Capital Management Lp reduced its stake by 445,005 shares, ending with 2,775,000 shares worth about $920,883,766.
Norfolk Southern Corporation Stock Up 1.0%
Norfolk Southern shares recently traded around $331.42. The stock closed at $331.85 on October 23, 2026. The shares trade above their 50-day moving average of $326.72 and sit above their 200-day moving average of $313.60.
$NSC price target
Norfolk Southern Corporation daily closes and this analyst's $379 target. Not advice.
Recent Earnings
Norfolk Southern reported trailing-twelve-month revenue of $12,963,000,320 and trailing-twelve-month earnings of $12.08 per share. The company posted a net profit margin of 20.7% and a return on equity of 16.8%. Its next earnings report is scheduled for release on January 28, 2027.
Dividend
The company pays an annual dividend rate of $5.40 per share, which translates to a dividend yield of 1.6% with a payout ratio of 46.1%.
Insider Buying and Selling at Norfolk Southern Corporation
Insiders have been active over the past year. Director Richard H Anderson bought 2,600 shares on October 27, 2025, at an average price of $281.86 for a total value of $732,823. Director Sameh Fahmy bought 1,650 shares on November 5, 2025, at $282.97 per share, totaling $466,900. Chief Technology Officer Anil Bhatt sold 900 shares on November 19, 2025, at $281.60 for a total value of $253,442. Director William Clyburn Jr. bought 204 shares on December 5, 2025, at $294.79 for a total value of $60,137.
Analysts Set New Price Targets
Susquehanna maintained a Neutral rating with a target of $350.00 from $386.00 on October 2, 2026. JP Morgan maintained a Neutral rating with a target of $318.00 from $338.00 on October 5, 2026. Citigroup maintained a Neutral rating with a target of $347.00 from $376.00 on October 7, 2026. RBC Capital maintained a Sector Perform rating with a target of $350.00 from $330.00 on October 23, 2026. Across the broader analyst community, the stock holds a consensus hold rating with a mean price target of $358.72.
About Norfolk Southern
Based in Atlanta, Georgia, Norfolk Southern Corporation operates a major freight rail network that moves raw materials, intermediate goods, and finished goods across the United States. The industrial shipper plays a central role in supply chains for energy, agriculture, and manufacturing sectors.
Bottom Line
Investors will watch how freight demand trends shape the company's performance ahead of its next earnings update on January 28, 2027.
Related Filing Alerts
Source: TD Cowen's rating change on $NSC (Oct 23, 2026). Written by software, not financial advice. How we make alerts