Union Pacific price target raised to $267 from $259 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Union Pacific (UNP) to $267 from $259 and keeps a Neutral rating on the shares after its Q4 results. The company’s earnings were slightly higher than the firm’s estimate due to higher below-the-line trends, including higher Other Income, and Goldman continues to believe that the management’s targeted acquisition of Norfolk Souther (NSC) is likely to dominate the conversation versus fundamental improvement in the near-to-medium term, the analyst tells investors in a research note.