Why is Union Pacific stock rallying today? By Investing.com
Investing.com Canada
Union Pacific (UNP) stock rallied 2.3% in pre-market trading after UBS upgraded the railroad giant from Neutral to Buy, raising its price target to $339 from $310. The upgrade was driven by expectations of compelling volume growth, particularly in intermodal, and earnings estimates significantly above Wall Street consensus. Additional factors contributing to the rally include an upcoming management presentation at a Morgan Stanley conference and the ongoing proposed merger with Norfolk Southern.
Read the full story
This is a short summary. The complete article is published by Investing.com Canada.
Headline and summary aggregated from public news feeds. For information only — not financial advice.