(The following report appeared at NewRatings.com on April 29.)
NEW YORK — Analyst Daniel J Hemme of Prudential Financial maintains his “neutral weight” rating on Burlington Northern Santa Fe (BNI.NYS), while raising his estimates for the company. The target price has been raised from $33 to $35.
In a research note published yesterday, the analyst mentions that Burlington Northern Santa Fe reported its Q104 EPS ahead of the estimates and the consensus. The analyst expresses his concern regarding the company’s ability to offer consistent returns in the long term. The EPS estimates for 2004 and 2005 have been raised from $2.30 to $2.50 and from $2.55 to $2.70, respectively.