Goldman Sachs Downgrades Norfolk Southern (NSC) to Neutral

January 10, 2013 7:06 AM EST
Get Alerts NSC Hot Sheet
Price: $114.42 +4.05%

Rating Summary:
    12 Buy, 19 Hold, 6 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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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.

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