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Fly News Breaks for January 8, 2019
UNP
Jan 8, 2019 | 08:46 EDT
As reported earlier, RBC Capital analyst Walter Spracklin upgraded Union Pacific to Outperform and raised his price target to $179 from $151. The analyst says that the stock price should react positively to the hiring of Jim Vena as COO as a sign that the management has taken an "important step toward implementing Precision Scheduled Railroading". Spracklin adds that the appointment gives investors a "line of sight to major operational change" to the company.