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Fly News Breaks for February 1, 2018
UNP
Feb 1, 2018 | 08:09 EDT
Argus analyst John Eade raised his price target on Union Pacific to $155 and kept his Buy rating, citing the management's recent signal of confidence via the double-digit dividend increase and "aggressive" stock buybacks. The analyst notes that Union Pacific is expected to benefit from the tax reform, while valuation suggests a discount relative to the peer group despite the relative outperformance of the company's stock in recent periods.