Benchmark analyst Nathan Martin raised the firm’s price target on Union Pacific (UNP) to $275 from $266 and keeps a Buy rating on the shares after the company reported Q4 EPS that beating consensus and the firm’s estimate, primarily due to lower expenses. Looking ahead to FY25, Union’s initial outlook calls for net volume growth, with strength in categories like grain and industrial chemicals continuing, and management remains confident it can deliver an industry-leading operating ratio and three-year EPS CAGR of high-single to low-double digits, the analyst noted.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UNP:
- Union Pacific price target raised to $260 from $254 at Citi
- Union Pacific Reports Strong 2024 Financial Performance
- Union Pacific price target raised to $277 from $275 at Goldman Sachs
- Union Pacific price target raised to $279 from $271 at BofA
- UNP Earnings: Union Pacific Stock Rallies on Q4 EPS Beat Despite Revenue Miss