Morgan Stanley Sees Multiple Positive Catalysts Ahead for Norfolk Southern Corp.

In a report published Thursday, Morgan Stanley analyst William J. Greene reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “Though coal remains a headwind, we believe it is increasingly an understood risk for NSC. Moreover, NS enjoys outsized exposure to highly profitable met coal, which should see strong long-term growth despite near-term weakness. Recent intermodal investments are beginning to pay off and strength in industrial traffic in '14 should drive better incremental margins. We rate shares EW.” Norfolk Southern Corp. closed on Wednesday at $106.84.