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Fly News Breaks for October 18, 2019
Oct 18, 2019 | 06:46 EDT
BMO Capital analyst Fadi Chamoun lowered his price target on Union Pacific to $188 but kept his Outperform rating after its Q3 results. The analyst notes that whiles its earnings disappointed and operating ratio decline, the miss was driven by the weaker demand environment. Chamoun believes that the company is still making "strong progress" on the operating side and has a "significant runway" for more improvement, positioning it to expand margins when demand recovers.
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