Loop Capital analyst Rick Paterson raised his price target on Union Pacific to $145 after its Q1 earnings and conference call, saying the company's strategy to "flood" the Texas market - where it is experiencing service issues - with power and crew appears to be working. The analyst cites incremental improvement in the weekly operating data as well as comments from the company's "key customers". Paterson keeps his Hold rating on Union Pacific, adding that the retreat from 60% operating ratio target in FY19 was the "right call", rather than taking the risk a blowback of "forcing a cost structure onto a network in no shape to absorb it".