UPDATE: Jefferies Raises PT on Norfolk Southern Corp. on Positive Signs

In a report published Wednesday, Jefferies analyst Peter Nesvold reiterated a Buy rating on Norfolk Southern Corp. (NYSE: NSC ), and raised the price target from $86.00 to $90.00. In the report, Nesvold noted, “Transports rallied from 800 basis points of underperformance in 2012 to 670 basis points of outperformance