Union Pacific price target raised to $275 from $270 at BMO Capital

BMO Capital raised the firm’s price target on Union Pacific to $275 from $270 and keeps an Outperform rating on the shares. The company’s Q4 results topped consensus, and Union Pacific looks well- positioned to leverage an eventual cyclical recovery, the analyst tells investors in a research note. More importantly, the stock offers significantly more upside to the extent that the company’s management is successful in converting improved service and costs into energized growth, BMO added.