Stifel analyst Benjamin Nolan lowered the firm’s price target on Union Pacific to $265 from $267 and keeps a Buy rating on the shares. Volume data has been improving, although spotty, with the best uplift in intermodal against easy year-over-year comps, said the analyst, who expects Q2 results from the rail group to likely come in largely in line with the firm’s previous assumptions.
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Read More on UNP:
- North American rail traffic up 8% for the week ending July 6
- Union Pacific price target lowered to $257 from $271 at JPMorgan
- Union Pacific resumed with an Overweight at Stephens
- Union Pacific price target lowered to $273 from $290 at Bernstein
- North American rail traffic up 1.9% for the week ending June 22
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