Goldman Sachs Resumes Norfolk Southern (NSC) at Buy
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Price: $77.64 +0.25%
Rating Summary:
11 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
11 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade NSC Now!
Goldman Sachs resumes coverage on Norfolk Southern (NYSE: NSC) with a Buy. PT $83.00.
The firm comments, "We think the shares represent an appealing combination of low-risk and meaningful reward in a slow growth economy with the potential for significant returns to shareholders from dividends (2.6% yield) and share repurchases (we estimate 4-5% buyback in 2012 with bias to the upside). The company should benefit from continued strength in intermodal truck conversions and its petroleum segment, driven by increased Bakken activity."
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 $71.27 yesterday, with a 52 week range of $57.57-$78.50.
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The firm comments, "We think the shares represent an appealing combination of low-risk and meaningful reward in a slow growth economy with the potential for significant returns to shareholders from dividends (2.6% yield) and share repurchases (we estimate 4-5% buyback in 2012 with bias to the upside). The company should benefit from continued strength in intermodal truck conversions and its petroleum segment, driven by increased Bakken activity."
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 $71.27 yesterday, with a 52 week range of $57.57-$78.50.
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