Wells Fargo Upgrades Union Pacific Corp (UNP) to Outperform; Margins Underpin Attractive Growth Even With Moderate Volumes
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Price: $158.46 --0%
Rating Summary:
8 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 11
Rating Summary:
8 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 11
Trade UNP Now!
Wells Fargo upgrades Union Pacific Corporation (NYSE: UNP) to Outperform. Valuation Range: $95-$101 from $83-$89.
Wells analyst says, "We believe UNP has a very attractive franchise through its exposure to a unique mix of commodity end markets, and specifically with its intermodal and automotive franchises. We contend that 2009 likely marked the cycle trough for several of these end markets. We believe the cyclical recovery in these markets coupled with an improved cost structure should result in attractive earnings growth. We expect service improvements to be sustainable and generally supportive of pricing aspirations. We forecast new record earnings in 2010 and 2011 (although not "peak") on estimated volumes that are near 2007 levels."
To see all the upgrades/downgrades on shares of UNP, visit our Analyst Ratings page.
The 52-wk trading range is $54.20 - 87.32 and shares finished at $85.26.
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Wells analyst says, "We believe UNP has a very attractive franchise through its exposure to a unique mix of commodity end markets, and specifically with its intermodal and automotive franchises. We contend that 2009 likely marked the cycle trough for several of these end markets. We believe the cyclical recovery in these markets coupled with an improved cost structure should result in attractive earnings growth. We expect service improvements to be sustainable and generally supportive of pricing aspirations. We forecast new record earnings in 2010 and 2011 (although not "peak") on estimated volumes that are near 2007 levels."
To see all the upgrades/downgrades on shares of UNP, visit our Analyst Ratings page.
The 52-wk trading range is $54.20 - 87.32 and shares finished at $85.26.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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