(Forbes.com posted the following Reuters story on May 5.)
NEW YORK — Prudential Securities on Monday said it raised its investment rating for Union Pacific Corp., North America’s biggest railroad, to “buy” from “hold.”
The upgrade reflected “a modestly positive outlook for domestic economic expansion and positive drivers to improved margins going forward,” analyst Daniel Hemme said in a research note.
Shares of Union Pacific closed at $59.70 on the New York Stock Exchange on Friday.