Citi analyst Ariel Rosa upgraded Union Pacific (UNP) to Buy from Neutral with a price target of $251, up from $250. The recent drop in the shares creates a “compelling” risk/reward profile, the analyst tells investors in a research note. Citi believes Union Pacific’s recent execution will support earnings in Q3 and bodes well for the integration of Norfolk Southern (NSC) should the deal be approved by regulators.
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