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Deutsch Bank reels in expectations for Norfolk Southern

Published 07/31/2017, 11:14 AM
© Reuters.  Deutsch Bank reels in expectations for Norfolk Southern
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  • Deutsche Bank (DE:DBKGn) reduces Norfolk Southern (NSC +0.5%) to a Hold rating from Buy after reeling in growth forecasts for the railroad operator's second half of the year.
  • "While more difficult comps are well known, we believe risks from lower 2H'17 and '18 auto production are underappreciated," writes analyst Amit Mehrotra.
  • DB lowers its price target to $104 from $132. The 52-week trading range on Norfolk is $86.88 to $125.31.
  • Now read: Top North America Container Traffic Remains Robust Through April 2017


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