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Cowen & Company Ups Union Pacific To Outperform

2015-07-07 21:29:20| Railroads - Topix.net

In a research note out Monday, analyst Jason H. Seidl of Cowen & Company upgraded shares of Union Pacific Corporation to Outperform from Market Perform and lowering the price target from $117 to $111, feeling that further stock price downside is limited. Seidl states that with UNP shares down nearly 19 percent year-to-date and 15 percent since March, and with expectations about to be largely reset to reflect traffic weakness, long-term investors should view this as a unique opportunity to own a high-quality rail.

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