Union Pacific price target raised to $278 from $275 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Union Pacific to $278 from $275 and keeps a Buy rating on the shares after its Q2 earnings beat. The firm remains positive on the stock with a forecast of about 230bps of average margin improvement in the second half of this year, backed by what looks to be solid traction on the productivity and cost-takeout front, and with the expectations for better volume performance, the analyst tells investors in a research note.