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Fly News Breaks for March 15, 2018
NSC
Mar 15, 2018 | 06:16 EDT
Loop Capital analyst Rick Paterson lowered his price target on Norfolk Southern after the company's disclosure that poor operations have led to $50M more in Q1 operating costs than expected, adding this amounts to about 13c in EPS or 1.9% in operating ratio headwinds. Paterson also notes that the weekly operating data from the company showed no improvement in velocity at 19.1mph average vs. 19.2mph the prior week. The analyst keeps his Sell rating on Norfolk Southern, citing some progress being made in operating the Birmingham, Alabama facility.
News For NSC From the Last 2 Days
NSC
Mar 26, 2024 | 08:59 EDT
Ohio-based Ancora Holdings Group announced that it is filing a definitive proxy statement with the U.S. Securities and Exchange Commission in connection with its nomination of seven highly qualified director candidates for election to the Company's Board of Directors at the 2024 Annual Meeting of Shareholders scheduled for May 9. Additionally, Ancora sent a letter to shareholders regarding its leadership team's three-year path to superior performance and significant value creation at Norfolk Southern.