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UNP

Union Pacific

$105.65

0.8 (0.76%)

10:54
08/16/17
08/16
10:54
08/16/17
10:54

Union Pacific to recognize $90M charge in Q3 on staff reorganization plan

On August 16, Union Pacific approved and commenced a management and administrative personnel reorganization plan furthering its on-going efforts to increase efficiency and more effectively align company resources. The plan will implement productivity initiatives identified during a recently completed company-wide organizational review.The plan is expected to be substantially complete by September 30, to affect up to 750 employees, and to provide approximately $110M in annual productivity savings. The plan is expected to result in a pretax charge of approximately $90M from employee-termination benefits, including pension expenses, cash severance costs, and acceleration of equity compensation. The actual amount of this charge may be more or less than $90M depending on the final number of individuals included in the plan and their calculation of benefits under the Plan. The plan includes approximately $15M of cash expenditures primarily related to one-time severance costs. The company expects that substantially all of this charge will be recognized in the third quarter of 2017. ****

  • 21

    Aug

  • 06

    Sep

UNP Union Pacific
$105.65

0.8 (0.76%)

08/07/17
WOLF
08/07/17
DOWNGRADE
WOLF
Peer Perform
Union Pacific downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe analyst Scott Group downgraded Union Pacific to Peer Perform saying he sees increasing coal risk next year combined with a cautious view on grain exports, auto and frac sand volumes, and pricing trends in the West.
07/24/17
STFL
07/24/17
NO CHANGE
STFL
CSX, Union Pacific likely to rebound in near-term, says Stifel
Stifel analyst John Larkin expects the shares of CSX (CSX) and Union Pacific (UNP) to rebound in the near-term. He says that disappointment over CSX's Q2 results was driven by overly high expectations following the hiring of its new CEO. Referring to the new CEO, Larkin says that he "may be a railroading and costsaving God-send but miracles can take some time." The analyst believes that the decline in Union Pacific's shares was caused by "overly negative sentiment." He is upbeat on the stocks due to "positive 3Q carload volumes and a potential for more positive dialogue on the space in the coming weeks." But he keeps Hold ratings on both names.
07/21/17
07/21/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Johnson & Johnson (JNJ) was downgraded to Sell from Neutral at BTIG and to Underweight from Neutral at Atlantic Equities. 2. Wells Fargo (WFC) downgraded to Sell from Hold at Berenberg with analyst James Chappell saying the bank's competitive advantages have been eroded. 3. RH (RH) downgraded to Hold from Buy at Deutsche Bank with analyst Adam Sindler citing valuation with the stock up 36% over the past month and 15% this week alone. 4. Union Pacific (UNP) downgraded to Hold from Buy at Deutsche Bank with analyst Amit Mehrotra saying moderating volumes as well as risks to industrial production in the second half of the year and beyond will limit share upside over the medium term. 5. Check Point (CHKP) downgraded to Neutral from Overweight at Piper Jaffray with analyst Andrew Nowinski saying with the stock up 27% year-to-date, the valuation has now "reached a peak" given the decelerating billings, product/subscription and free cash flow growth. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/21/17
BERN
07/21/17
NO CHANGE
BERN
Market ignorning 'strong' Union Pacific fundamentals, says Bernstein
Bernstein analyst David Vernon believes that the market is excessively focusing on Union Pacific's comments about continued "competitive pressures" in its coal and intermodal businesses. The analyst says the comments were "neither new nor particularly harsh" than previous quarters. He says that the market is ignoring the company's "strong fundamentals," and he keeps a $130 price target and an Outperform rating on the shares.

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