Market Overview

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

Related NSC
Norfolk Southern Q2 Earnings Top Estimates on High Revenues
Morgan Stanley Sees Multiple Positive Catalysts Ahead For Norfolk Southern
Frigid Winter Fuels Rail Shipments of Coal (Fox Business)

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Norfolk Southern Corp. (NYSE: NSC), and raised its price target from $70.00 to $74.00.

Jefferies noted, “NSC's 4Q beat consensus by 9%, albeit largely on tax rate. We think investors were expecting more going into the print as recently improved coal volumes and network performance stats suggested modestly more upside. With coal clouding all near-term visibility, we reiterate Hold.”

Norfolk Southern Corp. closed on Tuesday at $66.94.

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

 

Most Popular

Related Articles (NSC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters