UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Union Pacific Corporation
In a report published Friday, Jefferies & Company reiterated its Buy rating on Union Pacific Corporation (NYSE: UNP), and raised its price target from $133.00 to $141.00.
Jefferies noted, “UNP's upside report highlighted strong margin improvement despite material coal headwinds. The results support the core pricing story for the rails generally and UNP specifically. Raising price target to $141 and reiterating Buy.”
Union Pacific Corporation closed on Thursday at $122.77.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.