Barclays raised the firm’s price target on Union Pacific to $285 from $230 and keeps an Overweight rating on the shares post the Q2 results. The analyst says the long awaited CEO announcement appointing Jim Vena as the next leader of Union Pacific is well received. The firm says Vena is bringing an operational focus that should support higher volume growth, improved asset efficiency and earnings that could grow over 50% in 3-4 years.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on UNP:
- Union Pacific downgraded to Neutral from Overweight at Atlantic Equities
- Union Pacific Stock Surges after Announcing New CEO
- North American rail traffic down 3% for the week ending July 22
- RBC upgrades Union Pacific to Outperform after Vena named CEO
- Union Pacific upgraded to Outperform from Sector Perform at RBC Capital