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Fly News Breaks for September 20, 2018
UNP
Sep 20, 2018 | 09:45 EDT
BMO Capital analyst Fadi Chamoun raised his price target on Union Pacific to $180 and kept his Outperform rating, saying the company's financial targets have been "de-risked" by the management's decision to implement "Precision Scheduled Railroading" model by the end of 2019. The analyst adds that the decision opens the possibility of an upside scenario for Union Pacific shares based on the success of the implementation and sees the potential of positive surprises from its greater focus on efficiency.