UPDATE: Jefferies Raises Price Target on Norfolk Southern to $80

By Steven Anfield
Benzinga Staff Writer
October 27, 2011 8:18 AM

Symbols: NSC

Posted in: Analyst Color, Price Target, Analyst Ratings

According to Jefferies, Norfolk Southern (NYSE: NSC) price target is raised to $80.

Jefferies said that NSC beat 3Q consensus by 17%, the widest margin among the rails this earnings season. “We have raised our price target, but remain on the sidelines due to valuation.”

Norfolk Southern closed yesterday at $69.77.

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UPDATE: Jefferies Raises Price Target on Norfolk Southern to $80

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