BofA raised the firm’s price target on Union Pacific to $271 from $264 and keeps a Buy rating on the shares after increasing its Q4, 2024, and 2025 EPS estimates by 1%, 3%, and 7%, respectively. The firm, which says new CEO Jim Vena has enhanced service quickly and notes that volumes are topping its targets in Q4-to-date, believes Vena “rapidly changing the culture at Union Pacific” will drive operating margins to surpass its and Street targets quicker than expected.
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