UPDATE; Credit Suisse Reiterates On Union Pacific On Forecast Updates

In a report published Monday, Credit Suisse analyst Allison M. Landry reiterated an Outperform rating on

, and raised the price target from $115.00 to $119.00. In the report, Credit Suisse noted, “We have raised our FY14 EPS forecast to $5.59 from $5.56. We have also raised our FY15 and FY16 EPS estimates to $6.54 and $7.46 from $6.48 and $7.38, respectively. Our TP rises to $119 from $115, primarily due to a higher base year EBIT. Reiterate Outperform.” Union Pacific closed on Friday at $101.99.