UPDATE: Dahlman Rose Upgrades Norfolk Southern Corporation to Buy on Met Coal Pricing Strength
Posted on February 04, 2013 at 08:54 AM EST
Dahlman Rose upgraded Norfolk Southern Corporation (NYSE: NSC ) from Hold to Buy and announced a $82.00 price target. Dahlman Rose commented, "Our opinion is based on strengthening spot met coal pricing, Crescent Corridor intermodal growth opportunities, solid 4Q12 results, better-than-expected QTD volume growth, attractive valuation, and likely reallocation into