(The following report appeared at NewRatings.com on November 3.)
NEW YORK — Analyst Rick Paterson of UBS upgrades Union Pacific from “neutral” to “buy.” The target price has been raised from $68 to $75.
In a research note published this morning, the analyst mentions that Union Pacific is attractively positioned to benefit from a potential upturn in the US railroads sector in the near future. UBS expects an impending recovery in the fuel prices and coal markets to significantly boost the company’s earnings growth in the forthcoming quarters.