UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Union Pacific Corporation

In a report published Friday, Jefferies reiterated its Buy rating on Union Pacific Corporation UNP, and raised its price target from $149.00 to $153.00. Jefferies noted, “UNP reported an in-line 4Q on better cost management, offsetting ongoing coal headwinds. We think a few items led to the underperformance on Thursday, none of which change the upside opportunity. Reiterate Buy.” Union Pacific Corporation closed on Thursday at $133.84.