BofA analyst Ken Hoexter upgraded Union Pacific to Buy from Neutral with a price target of $241, up from $218, following the CEO change. The analyst sees room for further valuation upside and has increased confidence in a path to operational improvement. Union Pacific can close the gap to the Canadian rail premium, which has widened to 30% as the company’s service metrics slipped, the analyst tells investors in a research note.
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
See the top stocks recommended by analysts >>
Read More on UNP: