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UPDATE: BMO Capital Markets Reiterates Outperform Rating on Norfolk Southern Corp., Lowers PT

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In a report published Wednesday, BMO Capital Markets reiterated its Outperform rating on Norfolk Southern Corp. (NYSE: NSC), but lowered its price target from $80.00 to $77.00.

BMO Capital Markets noted, “We suspect that the stock could come under pressure given 6% lowered F2013 estimates. We note, however, that valuation is low, earnings estimates appear to be now reflecting a fairly bear case scenario for coal, the stock's dividend yield is in excess of 3%, and the company's fundamentals over the medium-to-long term are very strong. We rate NSC Outperform.”

Norfolk Southern Corp. closed on Tuesday at $66.01.

Latest Ratings for NSC

DateFirmActionFromTo
Sep 2016CitigroupMaintainsNeutral
Sep 2016BarclaysMaintainsEqualweight
Aug 2016Atlantic EquitiesInitiates Coverage onNeutral

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Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

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