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Norfolk Southern’s Price Target Boosted at Barclays Capital (NSC)

By Dividend.com Staff
November 12th, 2009

norfolk-southerns-price-target-boosted-at-barclays-capital-nsc

Railroad operator Norfolk Southern Corp. (NSC) saw its price target raised on Thursday by analysts at Barclays Capital.

The analyst boosted its price target on NSC to $55 from a prior $51. Norfolk shares had closed at $51.96 on Wednesday. Barclays maintained its “Equal Weight” rating on the stock, as well as its 2009 and 2010 EPS estimates of $2.77 and $3.70, respectively.

Norfolk Southern shares were mostly flat in premarket trading Thursday.

The Bottom Line
We have been recommending shares of NSC since Nov.3, when the stock was trading at $36.63. The company has a 2.62% dividend yield, based on last night’s closing stock price of $51.96.

Norfolk Southern Corp. (NSC) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.