Redburn Atlantic upgraded Union Pacific (UNP) to Buy from Neutral with a $259 price target The company has made “material progress” over the past 18 months, improving service, trimming headcount, and growing volumes, the analyst tells investors in a research note. The firm expects this dynamic to persist, with Union Pacific’s volume growth ahead of consensus expectations. The shares have declined 14% from the recent peak, leaving the stock undervalued, contends Redburn.
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