Deutsche Bank Upgrades Norfolk Southern (NSC) to Buy, Says Underperformace May be a Distant Memory

Deutsche Bank upgraded Norfolk Southern (NYSE: NSC) from Hold to Buy with a price target of $78.00 (from $66.00).



The firm sees a strong setup in the stock after underperforming the S&P 500 by 28.5 percentage points last year, and missing out on broader market gains over the past two years.

Deutsche Bank notes a solid utility coal franchise, limited downside to muted 2013-14 export coal expectations expected productivity gains, and a potential step-up in crude-by-rail in H2 2013-14.

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 $64.04 yesterday.

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