UBS Maintains a 'Buy' on Norfolk Southern (NSC); A Small Hit From Q4 but Lots to Like Longer Term

UBS maintains a 'Buy' on Norfolk Southern (NYSE: NSC) price target cut $1 to $91.

UBS analsyt says, "With the market in full-on nit pick mode a miss is a miss and therefore the stock is likely a couple of percent lower on Wednesday. In contrast we remain abundantly pleased with our recent upgrade given a now right-sized cost structure, good momentum on EPS and ROIC, today’s 9% dividend hike, and a discounted valuation versus its comps and own history. Some patience here will be rewarded, in our view."

UBS lowers FY12 EPS estimate from $6.03 to $5.99 and FY13 from $6.95 to $6.87.

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 $75.48 yesterday.

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