Loop Capital analyst Rick Paterson raised his price target on Union Pacific to $191 after its better than expected Q2 results, saying the quarter revealed that adverse weather impact has masked some of the "structural improvement" of the company's adoption of Precision Scheduled Railroading. The analyst contends that progress has in fact been "more significant", and he is "intrigued" to see what Union Pacific can do for the balance of the year with major environmental shocks. Paterson also raised his FY19 and FY20 EPS forecasts by 42c and 65c to $8.91 and $10.29 respectively.