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Fly News Breaks for March 14, 2017
UNP
Mar 14, 2017 | 07:46 EDT
As noted earlier, Wells Fargo started coverage of Union Pacific with a Market Perform rating. The firm says that the company's coal business is "more defensible" than those of its competitors, while it should benefit from "secular gains in intermodal." However,. Wells adds that its "superior operations" will make it difficult for the company to realize further margin gains and return improvements. It thinks that the company's EPS and free cash flow gains will lag those of its peers. Target $105-$115.
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