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Fly News Breaks for March 26, 2015
NSC
Mar 26, 2015 | 09:20 EDT
Cleveland Research downgraded Norfolk Southern to Neutral due to a more cautious view of the rail industry given rising labor costs, lingering near-term service issues, and sluggish frac-related volumes. The firm is modeling for Norfolk's 2015 earnings to be below the mean to reflect volume pressures.