BMO Capital analyst Fadi Chamoun raised the firm’s price target on Union Pacific (UNP) to $277 from $275 and keeps an Outperform rating on the shares. The company’s Q4 results were ahead of expectations and cap off a year of robust productivity gains and service improvement, the analyst tells investors in a research note. The Union Pacific network is well positioned for what should be a more favorable demand cycle going forward, BMO added.
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