As previously reported, UBS analyst Thomas Wadewitz upgraded Union Pacific (UNP) to Buy from Neutral after factoring the Tax Cuts & Jobs Act into his forecasts. The analyst, who also cited signs that point toward a favorable volume and pricing environment for freight transports in 2018, also upgraded Werner (WERN) and FedEx (FDX) this morning. He set a $164 price target on Union Pacific shares.

Deutsche Bank placed a "Catalyst Call: Buy" on shares of Union Pacific (UNP) as a short-term investment idea. With all the attention Norfolk Southern (NSC) is getting in recent months, it is easy to overlook developments at other railroads, the analyst tells investors in a research note. The firm says Union Pacific is now the worst performing pail stock year-to-date. However, operating metrics "clearly show that UNP's renewed efforts on operations are gaining traction," contends Deutsche Bank. It keeps a Buy rating on the shares with a $266 price target.