Goldman Sachs analyst Jordan Alliger raised the firm’s price target on Union Pacific to $225 from $219 but keeps a Buy rating on the shares. The company’s Q4 earnings missed expectations, but the management’s guidance indicates 2023 margin improvement, the analyst tells investors in a research note. Goldman Sachs further notes that the stock could "start off a bit sluggish" in 2023, but also believes that rails are offering a good combination of value and upside margin potential deeper in the year.
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