RBC Capital lowered the firm’s price target on Union Pacific (UNP) to $273 from $280 but keeps an Outperform rating on the shares as part of a broader research note previewing Q1 results for Class I railroads. The firm is boosting its Q1 EPS view by 6c to $2.90 to reflect volumes that are trending well ahead of consensus expectations while also citing increased deal approval risk, the analyst tells investors in a research note.
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