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.
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