Norfolk Southern and CSX Corp Downgraded on Deteriorating Macro Backdrop By Investing.com
© Reuters. By Sam Boughedda In a note on U.S. railroad stocks, a UBS analyst downgraded shares of CSX Corp. (NASDAQ:) and Norfolk Southern Corporation (NYSE:) to Neutral from Buy. UBS also cut the price target of CSX to $31 from $38 and Norfolk Southern Corporation to $229 from $282 per share. The analyst told investors …