Baird Upgrades Union Pacific (UNP) Amid Berkshire/Burlington Northern Deal
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Shares of Union Pacific (NYSE: UNP) -- and the entire Railroad sector -- are spiking today amid news that Warren Buffet's Berkshire Hathaway will purchase Burlington Northern for $100/share. The stock most recently traded at $58.80, up 6.8% from yesterday's close.
Reacting to the news, an analyst at Robert W. Baird has issued an intraday upgrade on Union Pacific. The analyst moved his investment rating from Neutral to Outperform while maintaining a $72 price target. The firm's target represents potential upside of about 22%.
To stay up-to-date on all the analyst calls following the Buffett news, visit our Analyst Ratings page.
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America.
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