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Fly News Breaks for July 6, 2015
UNP
Jul 6, 2015 | 06:29 EDT
As previously reported, Cowen upgraded Union Pacific to Outperform with a $111 price target. The firm lowered estimate to reflect weakness but believes downside is limited following nearly a 19% pullback year-to-date. Cowen expects traffic to begin to stabilize in 2H and tighter capacity and lower oil prices is enhancing the company's ability to push through base rate increases.