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Fly News Breaks for January 24, 2020
UNP
Jan 24, 2020 | 08:10 EDT
Argus analyst John Eade raised his price target on Union Pacific to $205 and kept his Buy rating after its Q4 results showed an operating ratio decline in spite of the lower revenues. The analyst notes that while the company's volume trends look challenging, Union Pacific is still growing its earnings with a focus on cost cuts and share buybacks. Eade also cites the confidence of the company's management reflected in its 5 dividend hikes over the past 9 quarters.