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.
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Published first on TheFly
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