Norfolk Southern acquisition by Union Pacific awaits approval; analysts lower price targets ahead of Q1 earnings

Norfolk Southern Corporation's proposed acquisition by Union Pacific Corporation is pending regulatory approval, with a revised application expected by April 2026 and deal closure targeted for early 2027. Analysts have lowered price targets for Norfolk Southern, reflecting caution ahead of its Q1 earnings report due April 24, 2026. The company showed mixed segment performance last quarter, with strength in Chemicals, Metals & Construction, and Automotive, offset by weakness in Intermodal and Coal segments. Investors are closely watching the regulatory process and upcoming earnings for future outlook.