Buckingham Research initiates coverage on Norfolk Southern (NSC +1.7%) with a Buy rating with...

|About: Norfolk Southern Corporation (NSC)|By:, SA News Editor

Buckingham Research initiates coverage on Norfolk Southern (NSC +1.7%) with a Buy rating with $84 price target. Positive factors: 1) The railroad company might benefit from new hours of service regulations which could consolidate truckload capacity. 2) An increase an activity in the grain market will support EPS growth of 15% in 2014. 3) Buckingham thinks management at Norfolk Southern has been spot-on with decision-making and pricing strategy. 4) A negative outlook for coal shipments in the short-term is having an undue influence on long-term valuation on CSX.