Susquehanna analyst Bascome Majors raised the firm’s price target on Union Pacific to $218 from $215 and keeps a Positive rating on the shares. The analyst believes flattish 2023 EPS looks achievable against undemanding volume assumptions. Susquehanna raised estimates marginally but given the fairly full multiple, investors should wait for better entry points on signs of demand stabilization.
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Published first on TheFly
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