Seaport Global analyst Mark Levin initiated Union Pacific with a Buy and a $100 price target saying investor concerns about Q3 core pricing growth creates a buying opportunity. The analyst said pricing is a lagging indicator, not leading, and will improve as volumes accelerate in the coming quarters aided by easy comps and tighter capacity, combined with productivity improvements.

Deutsche Bank placed a "Catalyst Call: Buy" on shares of Union Pacific (UNP) as a short-term investment idea. With all the attention Norfolk Southern (NSC) is getting in recent months, it is easy to overlook developments at other railroads, the analyst tells investors in a research note. The firm says Union Pacific is now the worst performing pail stock year-to-date. However, operating metrics "clearly show that UNP's renewed efforts on operations are gaining traction," contends Deutsche Bank. It keeps a Buy rating on the shares with a $266 price target.