Norfolk Southern Corporation (NYSE:NSC) shares are trading higher after the company reported second-quarter financial results yesterday, and several analysts revised their price target. On Thursday, the company reported railway operating revenue of $3 billion, up 2% Y/Y, and delivered adjusted earnings of $3.06 per share, beating analyst estimates of $2.86 per share. RBC Capital Markets analyst Walter Spracklin lowered the price target to $267 (from $270) and reiterated the Outperform rating. Building on John Orr and the operating team’s progress, NSC has reaffirmed its 2024 guidance of a 66% Operating Ratio, aligning with the consensus estimate of 66.4%. The analyst expects the company to reach an industry-average O/R of the mid-to-high 50s by 2027, which is crucial to their positive investment outlook. While management hasn’t set a specific 2027 target, their guidance indicates $250 million in productivity savings within the first six months of productivity drive, $400 ...