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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Norfolk Southern Corp.

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Norfolk Southern Dividend Payout Ratio Is Higher Than 5-Year Average
Earnings Scheduled For July 27, 2016
Norfolk Southern declares $0.59 dividend (Seeking Alpha)

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Norfolk Southern Corp. (NYSE: NSC), and raised its price target from $72.00 to $75.00.

Jefferies noted, “NSC reported an inline 3Q, but reported significantly lower profitability and a weaker outlook. This report highlighted structural cost issues that will likely weigh on performance over the next few quarters.”

Norfolk Southern Corp. closed on Tuesday at $66.01.

Latest Ratings for NSC

DateFirmActionFromTo
Jul 2016Credit SuisseMaintainsOutperform
Jul 2016Deutsche BankMaintainsHold
Jun 2016OppenheimerInitiates Coverage onMarket Perform

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