TD Cowen analyst Jason Seidl reiterated a Buy rating on Union Pacific today and set a price target of $252.00.
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Jason Seidl has given his Buy rating due to a combination of factors including Union Pacific’s strong second-quarter financial performance and strategic merger discussions. The company reported earnings per share that exceeded both his and the market’s expectations, driven by robust rail volumes and improved operating ratios.
Additionally, Union Pacific is in advanced merger talks with Norfolk Southern, which aligns with Seidl’s earlier predictions about potential mergers with Eastern railroads. The leadership of CEO Jim Vena is seen as a significant asset, potentially enhancing service quality and competition. Furthermore, the merger could lead to revenue synergies and labor benefits, which might appeal to unions and align with broader economic growth narratives, potentially gaining political support.
According to TipRanks, Seidl is a top 100 analyst with an average return of 20.8% and a 63.84% success rate. Seidl covers the Industrials sector, focusing on stocks such as CSX, GXO Logistics, and XPO.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $255.00 price target.