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Norfolk Southern Corporation Message Board

  • patient_lt_investor patient_lt_investor Jun 30, 2014 9:51 AM Flag

    Reason for NSC PPS Rise This AM.

    Barclays Bullish on North American Transport Stocks -- Market Talk
    5 minutes ago - DJNF

    9:43 EDT - Barclays upgrades its sector view North America airfreight & ground transportation to positive from neutral, and also hikes Norfolk Southern (NSC) and Canadian National (CNI) to overweight from equalweight. Firm says an "improving fundamental backdrop is set to drive meaningful earnings expansion across a broad array of transport companies." Valuations are high, Barclays says, but "fear not; asset-based transportation networks thrive in periods of stronger economic expansion and modestly rising inflation." On the railroads, "solid volume growth, pricing gains and a focus on efficiency bode well for continued margin expansion in the group." NSC up 2.4%; CNI rises 0.9%.

79.68-2.96(-3.58%)Jun 27 4:01 PMEDT