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Fly News Breaks for October 26, 2018
UNP
Oct 26, 2018 | 08:21 EDT
As previously reported, TD Securities downgraded Union Pacific to Hold from Buy and trimmed its price target to $160 from $170. Analyst Cherilyn Radbourne said Union Pacific's core price only increased 1.75% year-over-year, slightly down versus 2% in 1H 2018, and core only rose 2.75%, which was at the low-end of the 1H 2018 range of 2.75%-3%. Radbourne is concerned that pricing is not firing on all "cylinders," and volume growth is out of management's control.