Credit Suisse Raises Price Target on Union Pacific (UNP)
Credit Suisse reported on Friday that they have increased their price target on transportation company operator, Union Pacific Corporation(UNP).
The firm, which currently has a “Outperform” rating on UNP, has increased its price target to $159. This price target suggests a 16% increase from the stock’s current price of $133.84.
Analysts have raised the company’s price target due to the fact that UNP continues to grow its margins.
Union Pacific shares were mostly flat during premarket trading Friday. The stock has increased 18% in the past year.
The Bottom Line
Shares of Union Pacific (UNP) have a 2.06% dividend yield, based on last night’s closing stock price of $133.84. the stock has technical support in the $128-$130 price area. The shares are trading right near all-time highs.
Union Pacific Corporation(UNP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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