UBS Maintains a 'Neutral' on Norfolk Southern (NSC); Tweaking Numbers

UBS maintains a 'Neutral' on Norfolk Southern (NYSE: NSC) price target lowered from $82.50 to $74.

UBS analyst says, "NSC posted solid results in 1H/2011, but we expect that the pace of both volume and yield growth, which will likely moderate in the coming quarters, could disappoint some investors, and increase the risk that earnings will come in below expectations. We view the risks to deceleration as higher at NS relative to the group and choose to remain on the sidelines. On slightly lower volume and coal yield expectations, we take our 2011 EPS estimate from $5.20 to $5.15, and our 2012 estimate from $5.90 to $5.75."

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 $68.30 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• Piper Sandler Reiterates Overweight Rating on Patterson-UTI Energy (PTEN)
• Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'