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Fly News Breaks for January 8, 2019
UNP
Jan 8, 2019 | 08:10 EDT
Atlantic Equities analyst Stephen White believes 2018 marked a return to sustainable long term volume growth for the U.S. railroad industry. However, he views the sector valuation as "near the mid-point of a fair range" and therefore emphasizes selectivity. In that context, he initiated Union Pacific with a Neutral rating and $152 price target, stating that he like the company's diverse end-market exposure but remains cautious as it implements a new strategic plan.