(The following report appeared at NewRatings.com on March 31.)
NEW YORK — Analyst Daniel J Hemme of Prudential Financial reiterates his “neutral weight” rating on Norfolk Southern (NSC), while raising his estimates for the company. The target price is set to $23.00.
In a research note published this morning, the analyst mentions that the company’s Q1 volume growth is likely to be ahead of expectations due to favorable traffic mix and accelerated inter modal traffic growth. The EPS estimate for 2004 has been raised from $1.46 to $1.50.