UBS raised the firm’s price target on Norfolk Southern (NSC) to $279 from $275 and keeps a Buy rating on the shares. With the firm’s revised Q2 and Q3 EPS estimates above consensus, UBS believe there is near-term support for the stock, the analyst tells investors in a research note. The firm attribute Norfolk Southern’s outperformance in coal to CSX‘s (CSX) service challenges and two CSX served mines which are temporarily closed.
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