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Stock Market & Financial Investment News

News Breaks
January 28, 2013
10:21 EDTNSCNorfolk Southern plans to spend $2B in 2013 for capital improvements
Norfolk Southern said it plans to spend $2B in 2013 for capital improvements to its rail transportation network. The largest expenditure will be $831M for roadway improvements. "Our capital plan will maintain the safety and quality of our existing franchise, improve service quality and performance, achieve operational efficiencies and productivity improvements, and support business growth," said Norfolk Southern CEO Wick Moorman. "We continue to invest in the infrastructure, equipment, and technology necessary to provide the best possible service to our customers."
News For NSC From The Last 14 Days
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June 30, 2015
08:09 EDTNSCRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 29, 2015
13:47 EDTNSCSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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