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Fly News Breaks for January 24, 2020
Jan 24, 2020 | 07:08 EDT
BMO Capital analyst Fadi Chamoun raised his price target on Union Pacific to $200 and kept his Outperform rating, saying the company's Q4 results underscores its operating improvement. The analyst points to the operating ratio decline of 190bps in spite of the 14% revenue-ton-mile decline in the quarter and anticipates a boost in its free cash flows as revenues stabilize and costs are reduced further in 2020.