Market Overview

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

Related NSC
United Parcel Service Widens The Scope Of Its Express Service
28 Stocks Moving In Tuesday's Pre-Market Session

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

Mar 2018Loop CapitalMaintainsSellSell
Mar 2018Credit SuisseMaintainsOutperformOutperform
Jan 2018JP MorganMaintainsNeutralNeutral

View More Analyst Ratings for NSC
View the Latest Analyst Ratings

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


Related Articles (NSC)

View Comments and Join the Discussion!