Baird analyst Garrett Holland said he would be a buyer of Union Pacific shares as Q4 results were soft as expected, and the 2023 outlook provides flexibility to weather this period of lower macro visibility. The firm said pricing power remains strong, and despite the challenging industrial production growth outlook, volume should trend ahead of peers. Baird has an Outperform rating and a $228 price target on Union Pacific shares.
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Published first on TheFly
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Read More on UNP:
- Union Pacific price target raised to $225 from $219 at Goldman Sachs
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