Union Pacific Corp. (UNP) shares saw notable gains on Friday after several major brokerages, raised their price targets for the stock, signaling strong confidence in the company’s future. The price target hikes come after the company’s impressive fourth-quarter earnings report, despite a slight dip in operating revenue.
According to The Fly, Raymond James (RJ) raised its price target on Union Pacific to $285 from $265, keeping a ‘Strong Buy’ rating. Raymond James is optimistic about Union Pacific’s renewed focus on improving service quality and driving growth, believing that the company’s efforts to spin assets faster and adhere to a tighter transportation plan will lead to a more profitable and reliable network.
Similarly, BMO Capital (BMO) analyst Fadi Chamoun increased its price target for Union Pacific to $277 from $275 while maintaining an ‘Outperform’ rating. BMO’s optimism follows Union Pacific’s solid fourth-quarter earnings, where earnings per share (EPS) came in at $2.91, surpassing Wall Street’s estimate of $2.78. Although total operating revenue declined by 1% year-over-year (YoY) to $6.12 billion—slightly missing analysts’ expectations—net income increased by 7% YoY to $1.76 billion.
After the earnings report, Goldman Sachs (GS) also raised its price target on Union Pacific to $277 from $275, maintaining a ‘Buy’ rating. Goldman Sachs noted Union Pacific’s strong position in the market, as well as the company’s ongoing efforts to improve operations and generate consistent results. Citi (C) raised its price target to $260 from $254, though it maintained a ‘Neutral’ rating following the Q4 report.
In line with these upgrades, CWEB (CWEB) analysts have also raised their price target for Union Pacific to $280, expressing strong confidence in the company’s strategy. CWEB believes Union Pacific’s ongoing operational improvements and focus on enhancing service quality will continue to drive profitability and long-term growth. The upgrade reflects CWEB’s positive outlook for Union Pacific’s ability to generate consistent results and create value for its shareholders.
While Union Pacific’s revenue slightly missed analysts’ expectations, the broad optimism reflected in the upgrades from Raymond James (RJ), BMO Capital (BMO), Goldman Sachs (GS), Citi (C), and CWEB (CWEB) shows that investors and analysts remain confident in the company’s future growth prospects. With the railroad industry’s recovery underway, Union Pacific’s stock is one to watch as it continues to benefit from operational efficiencies and its focus on network reliability.
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