UPDATE: Deutsche Bank Raises PT to $76 on Norfolk Southern

A report from Deutsche Bank reiterates its Hold rating and raises its price target from $73 to $76 on Norfolk Southern

. The report states, “Yesterday after the close, NSC reported adjusted Q3 EPS of $1.54 well above both our estimate of $1.42 and Consensus of $1.41. Adjusted EPS excludes a $0.04/share gain on the sale of a property. Upside was driven by accelerating export coal growth (up 25.3% y/y), productivity gains, and solid cost controls." NSC closed yesterday at $69.77.