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Actionable news in NSC: NORFOLK SOUTHERN Corp,

Norfolk Southern (NSC) Stock Rallies on Strong Q1 Results, Credit Suisse Upgrade

NEW YORK (TheStreet) --Norfolk Southern (NSC - Get Report) shares are surging by 6.97% to $88.39 on Friday morning, after the railroad operator posted robust 2016 first quarter earnings yesterday afternoon, leading Credit Suisse to boost its rating earlier today.

The firm upgraded the company to "outperform" from "neutral" and hiked its price target to $97 from $84.

This comes as earnings for the latest quarter came in at $1.29 a share, soundly beating Wall Street's expectations of 97 cents a share and up from $1 a share it earned a year ago.

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