On Monday analysts at Dahlman Rose upgraded railroad transporter Norfolk Southern Corp. (NSC) as the company is leveraged to combat higher coal pricing.
The analysts upgraded NSC from “Hold” to “Buy” and set a price target of $82. This target suggests an +18% upside to Friday’s closing price of $69.60.
Norfolk Southern shares were down slightly during pre-market trading on Monday. The stock is down -5.45% over the past year.
The Bottom Line
Shares of Norfolk Southern (NSC) have a dividend yield of 2.87% based on Friday’s closing price of $69.60.
Norfolk Southern Corp. (NSC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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