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.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Mizuho Upgrades Invitation Homes (INVH) to Outperform
• Evercore ISI Upgrades CIENA (CIEN) to Outperform, 'we think the guide is conservative and we see a path to >40% growth'
• UBS Downgrades Ningbo Sanxing Medical Electric (601567:CH) to Neutral