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Fly News Breaks for June 3, 2016
UNP
Jun 3, 2016 | 07:27 EDT
Morgan Stanley analyst Ravi Shanker resumed coverage on Union Pacific with an Overweight rating, upgraded shares from Neutral, and raised its price target to $90 from $78. Shanker said Union Pacific is a potential hedge against Eastern rails over the next 12 months and believes, if coal rebounds into 2017, the company will be an early and biggest beneficiaries. Further, the analyst said Union Pacific has a strong balance sheet, high-quality operating metrics, and mid-pack valuation.
News For UNP From the Last 2 Days
UNP
Apr 26, 2024 | 09:10 EDT
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Apr 26, 2024 | 08:56 EDT
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UNP
Apr 25, 2024 | 07:49 EDT
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Apr 25, 2024 | 07:48 EDT
Reports Q1 revenue $6.03B, consensus $5.98B. "Our team delivered strong financial results in the first quarter as we navigated a challenging freight market and normal winter conditions," said Jim Vena, Union Pacific CEO. "These results build on the momentum we established as we exited 2023 and provide further proof of what's possible as we strive to be the best in safety, service, and operational excellence. This is a great start to the year, but we understand there's work to be done to achieve our goals and meet our stakeholders' expectations."
