Baird Upgrades Union Pacific (UNP) and Raises Target, Sees Upside from Potential Rail Deal

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Baird has upgraded Union Pacific (UNP) to Outperform from Neutral, raising its price target to $311 due to potential cost synergies from a rail deal involving Norfolk Southern. The firm suggests investors build exposure to UNP, especially during periods of weakness, in anticipation of improved sentiment. This follows a previous upgrade by BofA, which also maintained a Buy rating and increased its price objective, citing strong operating performance within the transportation and railroad sector.

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