All Aboard Norfolk Southern
Norfolk Southern (NSC) took a big hit Thursday after the rail company slashed its earnings forecast. Several Wall Street analysts, being the prescient lot that they are, immediately downgraded the company and the sector as a whole, sighting declining coal and grain rail loads.
That coal has been an issue isn't exactly news. Also, considering the severity of the U.S. drought and its effect on grain crops, declining grain loads are also understandable. Depending on the outcome of the presidential election in November, the former could turn around in a hurry. As for the latter, the odds of a permanent drought are slim....140 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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