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Union Pacific price target raised to $297 from $266 at BofA

BofA raised the firm’s price target on Union Pacific (UNP) to $297 from $266 and keeps a Buy rating on the shares. The firm is updating its price targets on Transportation – Railroads stocks under its coverage, the analyst tells investors. Operating performance remains strong and the firm sees several indicators signaling a potential inflection in the industrial economy.

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