Citi analyst Ariel Rosa raised the firm’s price target on Union Pacific (UNP) to $285 from $270 and keeps a Buy rating on the shares. The firm notes that many stocks in Citi’s North America Transportation coverage “appear expensive” barring significant upward revisions to estimates, which the firm says “in many cases feels premature given macro uncertainty.” The firm adjusted targets in the group as part of a Q1 preview.
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