UPDATE: Morgan Stanley Reiterates On Union Pacific Corporation Following Impressive Quarterly Results

In a report published Friday, Morgan Stanley analyst William J. Greene reiterated an Overweight rating on

, and raised the price target from $125.00 to $129.00. In the report, Morgan Stanley noted, “Despite ongoing network performance headwinds, UNP once again delivered impressive quarterly results. UNP's 3Q EPS was inline with consensus, but we'd highlight several positives in quarterly results and mgmt commentary that reaffirm the bullish prospects for 2015 earnings power and UNP's status as a transport champion.” Union Pacific Corporation closed on Thursday at $112.23.