Loop Capital analyst Rick Paterson upgraded Union Pacific (UNP) to Buy from Hold and raised his price target to $188 from $153, citing the company's announcement of a rollout of "precision Scheduled Railroading principles" effective October 1st. The analyst expects the company to operate more efficiently under the plan, "shifting focus from moving trains to moving cars, minimizing car handlings and dwell, a greater emphasis on general-purpose trains, and balancing train movements to reduce crews and power". Paterson adds that the rollout will place more pressure on Norfolk Southern (SC), which remains a holdout from adopting the PSR principles.