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Union Pacific recent pullback a buying opportunity, says Argus

Argus views the pullback in shares of Union Pacific (UNP) as a buying opportunity. Strong volumes, productivity gains and higher value-based pricing helped the company maintain margins amid a challenging quarter, the analyst tells investors in a research note. The firm says Union Pacific pays an above industry average dividend that yields about 2.3%. It maintains a Buy rating on the shares with a $275 price target

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