Wolfe on Union Pacific Railroad, Downgrade on Already Roaring Stock

In a research note released Monday, Wolfe analyst Scott H. Group Downgraded Union Pacific railroad UNP to Peer perform. The primary reason for the downgrade was due to the stock already appreciating a good amount. The analyst said that although the stock has appreciated a good amount, it will look to recommend the company again on pullbacks. He continued by saying, “For longer term investors, we would continue to own UNP.” The analyst also revised guidance and increased the 2014 and 2015 full-year estimates each by $0.04. Shares of the company are down one percent and are up 20 percent year-to-date.