(The following report appeared at NewRatings.com on January 26.)
NEW YORK — Analysts at Prudential Financial reiterate their “underweight” rating on Burlington Northern Santa Fe (BNI), while raising their estimates for the company. The target price has been raised from $30.00 to $32.00.
In a research note published on January 23, the analysts mention that the EPS estimate for Q4 has been raised from $0.54 to $0.58 to reflect the increase in volumes and fuel pricing. The company is poised for steady earnings growth in the medium term, the analysts believe. The “underweight” rating is based on valuation, Prudential Financial adds.