(The following report appeared at NewRatings.com on April 19.)
NEW YORK — Analyst Daniel J Hemme of Prudential Financial reiterates his “overweight” rating on Union Pacific (UNP.NYS). The target price has been reduced from $71 to $65.
In a research note published on April 16, the analyst mentions that the company’s 2004 results may be offset by a decline in its income. According to Prudential Financial, Union Pacific’s March service has declined and the downtrend may continue in the near term. The analyst expects the company’s operations to recover by 2005. The current valuation of Union Pacific’s stock is attractive, Prudential Financial believes.