Goldman Sachs Downgrades Norfolk Southern (NSC) to Neutral
Tweet
Share
E-mailGet Alerts NSC Hot Sheet
Price: $241.13 +0.36%
Rating Summary:
20 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
20 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Goldman Sachs downgraded Norfolk Southern (NYSE: NSC) from Buy to Neutral with a price target of $69.00 (from $67.00), saying the see more opportunity elsewhere in the sector.
"Our thesis remains unchanged and we raise our price target to reflect mid-cycle multiples. We think valuations remain undemanding, reflecting weak export coal demand and a material negative fuel surcharge lag."
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 $64.75 yesterday.
"Our thesis remains unchanged and we raise our price target to reflect mid-cycle multiples. We think valuations remain undemanding, reflecting weak export coal demand and a material negative fuel surcharge lag."
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 $64.75 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- Norfolk Southern corrects Ancora's false and misleading statements
- Voestalpine AG (VOE:AV) (VLPNF) PT Lowered to EUR33 at Barclays
Create E-mail Alert Related Categories
Analyst PT Change, Downgrades, Hot DowngradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
