UPDATE: Stifel Downgrades Norfolk Southern
January 16, 2014 at 09:32 AM EST
In a report published Thursday, Stifel analyst John Larkin downgrades Norfolk Southern (NYSE: NSC ) to Hold from Buy. According to the report, NSC's shares rebound nearly fully from the 2012 coal scare. “The analysts admire NSC's long-term view toward value creation,” the report noted. “However, we believe most