Norfolk Stock Seen Rallying On Chinese Coal Demand
Norfolk Southern (NSC) is expected to see strong growth as coal demand improves and intermodal shipping -- carrying truck and shipping containers -- grows. Avondale Partners Wednesday upgraded the railroad company from market perform (neutral) to outperform, and raised its price target to 90 from 80. Analysts said Norfolk, which has been in business since 1828 and runs more than 20,000 miles of track across 22 states, is seeing reduced head winds
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