Raymond James raised the firm's price target on Union Pacific (UNP) to $310 from $285 and keeps a Strong Buy rating on the shares. Union Pacific's renewed focus on service improvements and network efficiency is expected to enhance profitability and reliability by increasing asset velocity and tightening operational execution, supported by a CEO with a strong operational focus, the analyst tells investors in a research note. Additionally, the proposed Norfolk Southern (NSC) acquisition is viewed as a potentially transformative deal that could significantly boost volumes, pricing power, and earnings across the U.S. rail sector, the firm says.
