Union Pacific price target raised to $265 from $260 at Argus

Argus analyst John Eade raised the firm’s price target on Union Pacific to $265 from $260 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s freight business is diversified among Bulk, Industrial and Premium, which reduces the impact of weakness in any single product segment, the analyst tells investors in a research note. Right now, volume across the board has been on the weak side, but is starting to strengthen, Argus adds, also noting that the company’s balance sheet is solid and the management has a “shareholder-friendly” history of paying dividends and buying back stock.