UPDATE: Credit Suisse Reiterates On Union Pacific Corporation Following Solid Q3 Results

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

, and raised the price target from $124.00 to $126.00. In the report, Credit Suisse noted, “EPS of $1.53 was slightly below our estimate of $1.54, but above the consensus of $1.52. Revs were roughly in line, while the O.R. was 10bps better (62.3% vs. our 62.4%). Incremental margins were ~60% y/y despite 84 days of network interruptions during the quarter - the highest since UNP began tracking the metric in 2005 (including last winter).” Union Pacific Corporation closed on Thursday at $112.23.