Norfolk Southern (NSC) Misses Q4 EPS by 4c

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Go back to Norfolk Southern (NSC) Misses Q4 EPS by 4c

Buckingham Research Downgrades Norfolk Southern (NSC) to Neutral

January 28, 2016 9:41 AM EST

Buckingham Research downgraded Norfolk Southern (NYSE: NSC) from Buy to Neutral.

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 $69.89 yesterday.

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Norfolk Southern (NSC) Adds Additional Detail to Strategic Plan, Streamlining

January 27, 2016 8:05 AM EST

Norfolk Southern Corporation (NYSE: NSC) announced further details of its strategic plan designed to streamline operations and drive profitability and growth. The Company's projected expense reduction and disciplined cost control initiatives are in the categories of compensation and benefits, purchased services and rents, materials, and fuel.

The Company expects to achieve annual productivity savings of more than $650 million per year by 2020, growing from an initial $130 million in 2016. With this plan, Norfolk Southern expects to improve consistency, reliability, and availability, resulting in a faster, lower cost, and more profitable railroad. The Company has already... More