Citi raised the firm’s price target on Union Pacific (UNP) to $260 from $254 and keeps a Neutral rating on the shares following the Q4 report. The firm says the strong operating results lifted shares 5% on Thursday, towards the upper-end of its 52-week range. Union Pacific is clearly executing well relative to peers, with the company reiterating its expectation to deliver the best margins in the rail industry, the analyst tells investors in a research note.
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