Barclays Maintains an 'Overweight' on Norfolk Southern (NSC); Momentum Remains

Barclays maintains an 'Overweight' on Norfolk Southern (NYSE: NSC) price target of $84.00.

Barclays analyst says, "We see greater upside within other sectors of our universe, but believe NSC will be a relative outperformer within the rails. Pricing data suggests core gains are likely to continue, lucrative coal loadings are showing solid momentum and we believe earnings risk from loss of export coal business is likely less than some fear...Pricing data suggests core gains likely to continue - Coal loadings show solid momentum - Earnings risk from export declines likely overstated."

For more ratings news on Norfolk Southern click here and for the rating history of Norfolk Southern click here.

Shares of Norfolk Southern closed at $64.76 yesterday.

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