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Fly News Breaks for January 8, 2019
UNP
Jan 8, 2019 | 09:16 EDT
As previously reported, Seaport Global analyst Mark Levin upgraded Union Pacific to Buy from Neutral after the company announced that it had hired Jim Vena as COO to help implement precision scheduled railroading. "While Vena may not be Hunter Harrison," the pioneer of PSR, his addition at Union Pacific significantly increases the likelihood of a successful transformation to PSR, Levin tells investors. Greater investor confidence that Union will eventually reach a 55%-60% operating ratio should help propel the stock, added Levin, who set a $165 price target on the shares.