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Fly News Breaks for June 1, 2018
UNP
Jun 1, 2018 | 06:29 EDT
Loop Capital analyst Rick Paterson raised his price target for Union Pacific to $153 following the company's investor day. The analyst expects positive volume growth, price growth above cost inflation and productivity-driven cost savings to drive shareholder value. His new price target reflects Union Pacific's "long-telegraphed debt-financed buybacks." He keeps a Hold rating on the shares.
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