Deutsche Bank Reiterates Buy Rating, $79 PT on Norfolk Sothern

Deutsche Bank is reiterating its Buy rating and $79 PT on shares of Norfolk Sothern NSC. “Yesterday, we met with management of NSC and toured their locomotive facility in Altoona, PA,” Deutsche Bank writes. “Management is bullish about NSC's prospects and those of the broader U.S. manufacturing economy (both near and long term). We came away from the meetings with increased conviction in NSC's coal, intermodal, and merchandise growth prospects.” Norfolk Sothern closed Wednesday at $70.53.