Citi analyst Ariel Rosa raised the firm’s price target on Union Pacific (UNP) to $270 from $244 and keeps a Buy rating on the shares. The firm sees balanced risk/rewards for transport stocks heading into the Q2 reports due macro uncertainty and a “still-soft” demand backdrop. Citi is “less enthusiastic” on the sector relative to three months ago due to the recent rally in the shares.
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Read More on UNP:
- Union Pacific price target raised to $271 from $267 at Bernstein
- Union Pacific price target lowered to $215 from $220 at Morgan Stanley
- Union Pacific resumed with a Neutral at Baird
- Union Pacific: Strong Volume Growth and Operational Improvements Drive Buy Rating
- Union Pacific upgraded to Positive at Susquehanna following underperformance