NEW YORK (TheStreet) -- Norfolk Southern (NSC) shares are up 2.3% to $104 in early market trading on Monday after being upgraded to "overweight" from "equal weight" by analysts at Barclays (BCS).
The firm raised its price target to $112 from $110 on a valuation call, suggesting an 10% upside from the railroad company's previous closing price.
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Separately, TheStreet Ratings team rates NORFOLK SOUTHERN CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate NORFOLK SOUTHERN CORP (NSC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income."