Dahlman Rose Upgrades Norfolk Southern (NSC) to Buy

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Dahlman Rose upgraded Norfolk Southern (NYSE: NSC) from Hold to Buy with a price target of $82.00.

The firm comments, "We are upgrading NSC shares to Buy, from Hold. Our opinion is based on strengthening spot met coal pricing, Crescent Corridor intermodal growth opportunities, solid 4Q12 results, better-than-expected QTD volume growth, attractive valuation, and likely reallocation into NSC shares by longer-term rail investors. We are establishing a 12-month price target of $82."

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 $69.60 yesterday, with a 52 week range of $56.05-$75.56.

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