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Fly News Breaks for September 25, 2015
UNP
Sep 25, 2015 | 07:53 EDT
Credit Suisse analyst Allison Landry said sentiment for Union Pacific is overly negative and has created an attractive buying opportunity. Landry said coal and potentially ag headwinds could persist into 2016, she said Union Pacific has not needed much volume growth to generate double digit earnings. Landry's Outperform thesis is predicated on aggressive cost reduction actions the company has taken over the last few months, service metrics approaching peak levels not seen since 2013, reduced mix headwinds, scope of increased repurchase activity, and compelling valuation.