Jefferies Lowers Numbers on Norfolk Southern (NSC) Following Weak Q2 Earnings, Maintains 'Buy'
Jefferies cut estimates and its price target on Norfolk Southern (NYSE: NSC) following the Q2 earnings miss, primarily related to weakness in coal. The firm maintained a Buy rating, saying the company remains on track as it continues to rightsize its network for the changing demand level.
Q3 EPS goes from $1.43 to $1.37, FY 2013 EPS goes from $5.61 to $5.53 and FY 2014 EPS goes from $6.34 to $6.26.
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 $76.87 yesterday, with a 52 week range of $56.05-$81.00.
Q3 EPS goes from $1.43 to $1.37, FY 2013 EPS goes from $5.61 to $5.53 and FY 2014 EPS goes from $6.34 to $6.26.
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 $76.87 yesterday, with a 52 week range of $56.05-$81.00.