Jefferies Boosts Price Target on Union Pacific (UNP) Following Q3, Trims Estimates

Jefferies lifted its price target on Buy-rated Union Pacific (NYSE: UNP) from $142 to $149 following Q3 results but trimmed estimates.

"UNP continued its streak of upside earnings on strong core pricing and OR improvement despite the coal headwinds. We continue to see the pricing opportunity, relatively easier coal comps, and energy-related opportunities fueling growth going forward. UNP remains our top pick."

Q4 EPS goes down from $2.32 to $2.24, FY12 from $8.46 to $8.32 and FY13 from $9.83 to $9.63.

For an analyst ratings summary and ratings history on Union Pacific click here. For more ratings news on Union Pacific click here.

Shares of Union Pacific closed at $125.34 yesterday.

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