Norfolk Southern's (NSC -7.5%) dismal Q3 results prompt three downgrades, including Citigroup's...

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

Norfolk Southern's (NSC -7.5%) dismal Q3 results prompt three downgrades, including Citigroup's reduction of its stock rating to Neutral from Buy. "Earnings headwinds are likely to persist into 1H13 due to sharp Y/Y declines in export coal volumes and the company's relative inability to manage short term costs in a weak volume environment," Citi writes. Also, CSX -3.4%.