Scotia Downgrades Union Pacific Corporation to Sector Perform with Price Target $88.00

Brokerage firm Scotia Downgrades its rating on Union Pacific Corporation(NYSE:UNP). In a research note issued to the investors, the brokerage major Lowers the price-target to $88.00 per share. The shares have been rated Sector Perform. The rating by Scotia was issued on Jun 20, 2016.

In a different note, Oppenheimer said it Initiates Coverage on Union Pacific Corporation, according to a research note issued on Jun 16, 2016. The shares have been rated ‘Perform’ by the firm. On Jun 3, 2016, Morgan Stanley said it Upgrades its rating on Union Pacific Corporation. In the research note, the firm Raises the price-target to $78.00 per share. The shares have been rated ‘Overweight’ by the firm. CLSA said it Initiates Coverage on Union Pacific Corporation, according to a research note issued on May 19, 2016. The shares have been rated ‘Sell’ by the firm. On Apr 22, 2016, Citigroup said it Maintains its rating on Union Pacific Corporation. In the research note, the firm Raises the price-target to $83.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 22, 2016, Morgan Stanley said it Maintains its rating on Union Pacific Corporation. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Apr 22, 2016, Stephens & Co. said it Maintains its rating on Union Pacific Corporation. In the research note, the firm Raises the price-target to $91.00 per share. The shares have been rated ‘Overweight’ by the firm.

Union Pacific Corporation (UNP) shares turned negative on Fridays trading session with the shares closing down -3.29 points or -3.72% at a volume of 1,41,93,976. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $86.365. The peak price level was also seen at $86.365 while the days lowest was $84.14. Finally the shares closed at $85.25. The 52-week high of the shares is $100.85 while the 52-week low is $67.06. According to the latest information available, the market cap of the company is $71,698 M.

Union Pacific Corporation(UNP) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $4.83B. Analysts had an estimated revenue of $4.90B. Earnings per share were $1.16. Analysts had estimated an EPS of $1.10.

Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Diane K Duren (EVP & CORPORATE SECRETARY) sold 2,500 shares at $85.46 per share price.Also, On Mar 14, 2016, Richards Judith Hope (director) sold 4,000 shares at $81.15 per share price.On Feb 25, 2016, Andrew H Jr Card (director) purchased 1,000 shares at $78.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.

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