UPDATE: Dahlman Rose Upgrades Norfolk Southern Corporation to Buy on Met Coal Pricing Strength

Dahlman Rose upgraded Norfolk Southern Corporation NSC from Hold to Buy and announced a $82.00 price target. Dahlman Rose commented, "Our opinion is based on strengthening spot met coal pricing, Crescent Corridor intermodal growth opportunities, solid 4Q12 results, better-than-expected QTD volume growth, attractive valuation, and likely reallocation into NSC shares by longer-term rail investors. We are establishing a 12-month price target of $82." Norfolk Southern Corporation closed at $69.60 on Friday.