J.P. Morgan Comments on Analyst Meeting Hosted by Norfolk Southern

According to a recent report from J.P. Morgan, at an analyst meeting hosted by Norfolk Southern NSC, the company provided an optimistic outlook for long term growth, pricing and productivity. J.P. Morgan maintains an Overweight rating on NSC and reiterates a $78.00 price target on the company. In the report, J.P. Morgan said, "We believe that NSC's long term growth opportunity is significant and in the near term we expect NSC to show further pricing momentum in 2Q11 which should provide support for the stock." NSC closed yesterday at $70.53.