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

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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
Oct 2014Credit SuisseDowngradesOutperformNeutral
Oct 2014Deutsche BankMaintainsHold
Oct 2014CitigroupMaintainsNeutral

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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