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Fly News Breaks for April 22, 2019
UNP
Apr 22, 2019 | 08:31 EDT
BMO Capital analyst Fadi Chamoun raised his price target on Union Pacific to $190 after its Q1 results that showed a "strong momentum in the operational transformation story of the company" with productivity improvement that offset a negative revenue mix and weather-related challenges. The analyst believes that Union Pacific still has "significant more runway" to expand its margins and grow its earnings over the comping years, keeping his Outperform rating on the shares.