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Fly News Breaks for September 8, 2015
UNP
Sep 8, 2015 | 07:20 EDT
Stephens upgraded Union Pacific to Overweight from Equal Weight, noting that the multiples of the Class I rails have contracted significantly and sentiment has turned increasingly negative, setting the stage for the group to "meaningfully outperform" over the next year as fundamentals begin stabilizing. The firm maintains its $105 price target on Union Pacific shares.
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