BMO Capital analyst Fadi Chamoun raised his price target on Norfolk Southern to $185 after its 3-year strategic plan that "t showcased a more energized operating team with a pipeline of cost reduction opportunities" through adoption of Precision Scheduled Railroading. The analyst is keeping his Market Perform rating on the shares however, adding that the management's 60% operating ratio target will require "robust tailwinds from the economy and the pricing environment", both of which have less visibility and do not fall under the management's control.