Jefferies Lifts Target on Norfolk Southern (NSC) After Q1, Keeps Hold Rating

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Jefferies boosted its price target on Norfolk Southern (NYSE: NSC) from $76 to $80 but maintained its Hold rating following Q1 results

The firm comments, "NSC reported 1Q EPS that topped consensus by 9.8% on solid yields and historically strong operational performance despite soft coal trends. Even still, we continue to see better relative opportunity elsewhere in the rail space."

Q2 EPS goes from $1.60 to $1.59, FY12 EPS goes from $5.81 to $5.87 and FY13 goes from $6.32 to $6.40.

For an analyst ratings summary and ratings history on Norfolk Southern click here. For more ratings news on Norfolk Southern click here.

Shares of Norfolk Southern closed at $70.22 yesterday, with a 52 week range of $57.57-$78.50.

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