Putnam Fl Investment Management Co Has Lowered Lam Research (LRCX) Stake By $1.09 Million; Norfolk Southern (NSC) Had 5 Bullish Analysts

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Among 9 analysts covering Norfolk Southern (NYSE:NSC), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Norfolk Southern had 13 analyst reports since August 15, 2018 according to SRatingsIntel. Bank of America maintained Norfolk Southern Corporation (NYSE:NSC) rating on Monday, October 1. Bank of America has “Buy” rating and $187 target. The stock has “Underweight” rating by Morgan Stanley on Tuesday, October 9. The stock has “Neutral” rating by Bank of America on Thursday, October 18. The rating was maintained by Morgan Stanley on Monday, January 7 with “Underweight”. Morgan Stanley maintained Norfolk Southern Corporation (NYSE:NSC) rating on Monday, October 29. Morgan Stanley has “Underweight” rating and $115 target. The stock has “Hold” rating by Deutsche Bank on Friday, January 25. On Thursday, October 25 the stock rating was maintained by Robert W. Baird with “Neutral”. The stock of Norfolk Southern Corporation (NYSE:NSC) earned “Buy” rating by Deutsche Bank on Wednesday, August 15. JP Morgan upgraded the shares of NSC in report on Tuesday, December 18 to “Overweight” rating. The rating was maintained by Credit Suisse with “Outperform” on Thursday, October 25. See Norfolk Southern Corporation (NYSE:NSC) latest ratings:

25/01/2019 Broker: Deutsche Bank Old Rating: Buy New Rating: Hold Downgrade
07/01/2019 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $115 New Target: $116 Maintain
18/12/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Old Target: $198 New Target: $203 Upgrade
29/10/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $113 New Target: $115 Maintain
25/10/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $188 New Target: $187 Maintain
25/10/2018 Broker: Robert W. Baird Old Rating: Neutral New Rating: Neutral Old Target: $186 New Target: $181 Maintain
25/10/2018 Broker: TD Securities Old Rating: Hold New Rating: Buy Upgrade
25/10/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy New Target: $189 Upgrade
24/10/2018 Broker: Loop Capital Old Rating: Hold New Rating: Buy Old Target: $179 New Target: $190 Upgrade
18/10/2018 Broker: Bank of America Rating: Neutral New Target: $182 Downgrade

Putnam Fl Investment Management Co decreased Lam Research (LRCX) stake by 12.4% reported in 2018Q3 SEC filing. Putnam Fl Investment Management Co sold 7,250 shares as Lam Research (LRCX)’s stock declined 13.57%. The Putnam Fl Investment Management Co holds 51,220 shares with $7.77 million value, down from 58,470 last quarter. Lam Research now has $26.60B valuation. The stock increased 1.88% or $3.19 during the last trading session, reaching $172.77. About 2.89 million shares traded. Lam Research Corporation (NASDAQ:LRCX) has declined 27.14% since February 3, 2018 and is downtrending. It has underperformed by 27.14% the S&P500. Some Historical LRCX News: 15/05/2018 – Pointstate Capital Buys New 1.1% Position in Lam Research; 27/03/2018 – Tech Today: Zuck’s Parliament Fail, Cheers for Lam Research, Red Hat Targets Soar — Barron’s Blog; 17/04/2018 – Lam Research Sees 4Q EPS $4.77; 17/04/2018 – LAM RESEARCH CORP LRCX.O QUARTERLY REVENUE $2.89 BLN; 17/04/2018 – LAM RESEARCH CORP – QTRLY DEFERRED REV BALANCE DOES NOT INCLUDE SHIPMENTS TO CUSTOMERS IN JAPAN; 17/04/2018 – LAM RESEARCH CORP SEES FOR JUNE 2018 QTR, U.S. GAAP SHIPMENTS $3.000 BLN +/- $150 MLN; 17/04/2018 – Lam Research 3Q EPS $4.33; 06/03/2018 – LAM RESEARCH SAYS CY2021 TARGET MODEL FOR ADJ. EPS $23-$25; 17/04/2018 – Lam Research Sees 4Q Rev $3.1B; 18/04/2018 – First Lam, Now ASML: People Are Worried About Chip Equipment — Barron’s Blog

Investors sentiment decreased to 0.77 in Q3 2018. Its down 0.28, from 1.05 in 2018Q2. It fall, as 88 investors sold LRCX shares while 259 reduced holdings. 77 funds opened positions while 191 raised stakes. 133.35 million shares or 1.21% less from 134.98 million shares in 2018Q2 were reported. Moreover, Weatherly Asset Lp has 0.08% invested in Lam Research Corporation (NASDAQ:LRCX) for 2,501 shares. 444,682 were accumulated by Glenmede Tru Company Na. Wilbanks Smith Thomas Asset Mgmt Ltd Liability Company holds 45 shares or 0% of its portfolio. Whittier Tru Communication Of Nevada has 12,818 shares for 0.14% of their portfolio. Deutsche Bancshares Ag accumulated 1.37M shares. Ftb Advsr stated it has 0.02% in Lam Research Corporation (NASDAQ:LRCX). Brown Brothers Harriman And holds 41 shares. Ardevora Asset Mngmt Llp holds 0.78% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 184,409 shares. Delphi Management Inc Ma invested in 1.16% or 11,934 shares. Eaton Vance has 56,262 shares. Fukoku Mutual Life Insur Com holds 0.02% in Lam Research Corporation (NASDAQ:LRCX) or 900 shares. Frontier Capital Management Ltd holds 0.41% or 416,218 shares. Moreover, Massachusetts Financial Ma has 0% invested in Lam Research Corporation (NASDAQ:LRCX). Alliancebernstein Lp stated it has 0.03% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Ubs Asset Mgmt Americas reported 1.10M shares.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Nasdaq.com which released: “Lam Research (LRCX) Shares Cross Above 200 DMA – Nasdaq” on January 25, 2019, also Nasdaq.com with their article: “Can Strong Memory Aid Lam Research (LRCX) in Q2 Earnings? – Nasdaq” published on January 18, 2019, Nasdaq.com published: “Lam Research (LRCX) Gains As Market Dips: What You Should Know – Nasdaq” on January 28, 2019. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Nasdaq.com and their article: “Notable Friday Option Activity: BC, CL, LRCX – Nasdaq” published on January 25, 2019 as well as Nasdaq.com‘s news article titled: “Notable ETF Outflow Detected – SMH, ASML, LRCX, AMAT – Nasdaq” with publication date: February 01, 2019.

Among 11 analysts covering Lam Research (NASDAQ:LRCX), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Lam Research had 11 analyst reports since August 28, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Tuesday, August 28. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Neutral” rating by Goldman Sachs on Wednesday, September 12. The firm has “Neutral” rating given on Monday, October 29 by FBR Capital. Susquehanna downgraded it to “Neutral” rating and $165 target in Tuesday, October 23 report. Citigroup maintained the stock with “Buy” rating in Tuesday, September 25 report. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 17 with “Overweight”. The rating was downgraded by UBS to “Neutral” on Wednesday, September 26. The company was downgraded on Monday, October 1 by Mizuho. The firm has “Hold” rating given on Monday, October 1 by Deutsche Bank. RBC Capital Markets upgraded Lam Research Corporation (NASDAQ:LRCX) on Tuesday, January 29 to “Outperform” rating.

Putnam Fl Investment Management Co increased Pepsico Inc. (NYSE:PEP) stake by 59,334 shares to 75,411 valued at $8.43M in 2018Q3. It also upped Schwab U.S. Large (SCHX) stake by 57,307 shares and now owns 235,672 shares. Ishares Russell 1000 Value Ind (IWD) was raised too.

More notable recent Norfolk Southern Corporation (NYSE:NSC) news were published by: which released: “J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT), Norfolk Souther Corporation (NYSE:NSC) – Hunt, NSC Intermodal Honchos Dish ELDs, Drivers, Equipment At SMC3 Event – Benzinga” on January 29, 2019, also Seekingalpha.com with their article: “Norfolk Southern Q4 2018 Earnings Preview – Seeking Alpha” published on January 23, 2019, published: “Credit Suisse Stays Bullish On Norfolk Southern After Q4 Print (NYSE:NSC) – Benzinga” on January 25, 2019. More interesting news about Norfolk Southern Corporation (NYSE:NSC) were released by: and their article: “Norfolk Souther Corporation (NYSE:NSC), Union Pacific Corporation (NYSE:UNP) – Winter Storm Jaden Hits Chicago Intermodal Hub, Slowing Train Speeds And Freight – Benzinga” published on January 29, 2019 as well as ‘s news article titled: “Norfolk Souther Corporation (NYSE:NSC) – Norfolk Southern Says “Loosening” Truck Markets Will Not Stop Its Intermodal Growth – Benzinga” with publication date: January 25, 2019.

Investors sentiment increased to 0.92 in 2018 Q3. Its up 0.12, from 0.8 in 2018Q2. It improved, as 32 investors sold Norfolk Southern Corporation shares while 354 reduced holdings. 111 funds opened positions while 245 raised stakes. 187.99 million shares or 3.43% less from 194.66 million shares in 2018Q2 were reported. Dnb Asset Management As accumulated 37,054 shares. Caprock Grp Inc holds 0.16% of its portfolio in Norfolk Southern Corporation (NYSE:NSC) for 4,405 shares. Clear Harbor Asset Management accumulated 2,011 shares. Savings Bank Of The West reported 5,930 shares. Baldwin Brothers Inc Ma holds 967 shares. Delta Asset Mngmt Lc Tn holds 0.08% or 3,233 shares in its portfolio. Zwj Inv Counsel accumulated 5,959 shares. Nomura Inc owns 5,000 shares or 0% of their US portfolio. 159,110 were reported by Td Asset Management Incorporated. State Of Tennessee Treasury Department has 0.27% invested in Norfolk Southern Corporation (NYSE:NSC) for 305,179 shares. Three Peaks Management Ltd Llc stated it has 12,920 shares or 0.48% of all its holdings. Dowling Yahnke Ltd Liability Co has invested 0.04% in Norfolk Southern Corporation (NYSE:NSC). Brown Advisory Inc owns 75,682 shares for 0.04% of their portfolio. Pillar Pacific Cap Mgmt invested in 1.2% or 61,581 shares. Clark Cap Mngmt Grp stated it has 0.01% in Norfolk Southern Corporation (NYSE:NSC).

Since August 13, 2018, it had 0 buys, and 3 sales for $6.41 million activity. $5.85 million worth of Norfolk Southern Corporation (NYSE:NSC) was sold by Squires James A on Monday, August 13. 801 shares were sold by Wheeler Michael Joseph, worth $138,216. $414,954 worth of stock was sold by Earhart Cynthia C on Wednesday, August 29.

The stock increased 1.59% or $2.65 during the last trading session, reaching $169.53. About 1.67 million shares traded. Norfolk Southern Corporation (NYSE:NSC) has risen 10.53% since February 3, 2018 and is uptrending. It has outperformed by 10.53% the S&P500. Some Historical NSC News: 16/03/2018 – Norfolk Southern Remaining Neutral Toward TRC’s Offer; 20/03/2018 – General Electric announces 225 orders for refurbished locomotives; 27/04/2018 – Norfolk Southern Uses Analytics to Keep Trains on Track; 25/04/2018 – Norfolk Southern Tops Views, Increases Buyback Program — Earnings Review; 01/05/2018 – CFO Earhart Gifts 175 Of Norfolk Southern Corp; 09/05/2018 – Norfolk Southern partners with Plug and Play to drive innovation in supply chain logistics; 25/04/2018 – Higher volumes, lower tax rate lifts Norfolk Southern quarterly profit; 24/05/2018 – Norfolk Southern and New York State usher in a modern era for freight rail with dedication of new railroad bridge – the Genesee Arch Bridge; 05/04/2018 – Railway Track: Norfolk Southern safety train to visit 23 cities in 15 states; 25/04/2018 – Norfolk Southern 1Q Rev $2.72B

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company has market cap of $45.45 billion. It also transports overseas freight through various Atlantic and Gulf Coast ports. It has a 17.83 P/E ratio. In addition, the firm is involved in the operation of scheduled passenger trains; leasing or sale of rail property and equipment; development of commercial real estate; telecommunications; and the acquisition, leasing, and management of coal, oil, gas, and minerals, as well as the transport of automotive and industrial products.

Lam Research Corporation (NASDAQ:LRCX) Institutional Positions Chart

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