A slow coal recovery will inhibit Norfolk Southern (NSC +5.7%) and CSX (CSX +7.7%) "for several...

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

A slow coal recovery will inhibit Norfolk Southern (NSC +5.7%) and CSX (CSX +7.7%) "for several quarters," Barclays says, but "solid pricing fundamentals and relatively stable western coal dynamics create a bright outlook" for Union Pacific (UNP +5.9%). The firm stays bullish on CSX since "a lower valuation and forecast cost reductions this year provide some buffer."