Raymond James Downgrades Norfolk Southern (NSC) to Outperform

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Goldman Sachs Downgrades Norfolk Southern (NSC) to Neutral

January 10, 2013 7:06 AM EST

Goldman Sachs downgraded Norfolk Southern (NYSE: NSC) from Buy to Neutral with a price target of $69.00 (from $67.00), saying the see more opportunity elsewhere in the sector.

"Our thesis remains unchanged and we raise our price target to reflect mid-cycle multiples. We think valuations... More