J.P. Morgan Sticks to Its Hold Rating for Union Pacific (UNP)

In a report released yesterday, Brian Ossenbeck from J.P. Morgan maintained a Hold rating on Union Pacific (UNPResearch Report), with a price target of $227.00. The company’s shares closed last Thursday at $211.90.

According to, Ossenbeck is a 4-star analyst with an average return of 10.2% and a 47.8% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, Knight Transportation, and Schneider National.

Union Pacific has an analyst consensus of Moderate Buy, with a price target consensus of $237.73, which is an 11.9% upside from current levels. In a report issued on July 6, Susquehanna also downgraded the stock to Hold with a $235.00 price target.

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Based on Union Pacific’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $5.86 billion and net profit of $1.63 billion. In comparison, last year the company earned revenue of $5 billion and had a net profit of $1.34 billion.

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Founded in 1969, Nebraska-based Union Pacific Corp., through its principal subsidiary, Union Pacific Railroad Company, engages in railroad and freight transportation services. It offers transportation services for diversified business including agricultural products, food and beverage products, petroleum and gases, chemicals, coal, industrial products, intermodal and automotive.

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