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Fly News Breaks for October 21, 2016
UNP
Oct 21, 2016 | 06:23 EDT
RBC Capital analyst Walter Spracklin downgraded Union Pacific to Sector Perform and lowered its price target to $98 from $107. The analyst lowered estimates following weaker Q3 results saying trends in pricing and margins are a concern and appear to be company specific. Spracklin lowered estimates to reflect these negative trends and believes the multiple will be under pressure.
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