Why Union Pacific Stock Chugged Almost 4% Higher on Thursday
It was the subject of a bullish analyst's price target raise.
Overview
Storied railroad freight company Union Pacific (NYSE: UNP) had a fine Thursday on the stock market. Thanks in no small part to an analyst's price target increase, its shares thundered nearly 4% higher that trading session.
That morning, Bernstein SocGen prognosticator David Vernon made that change. He now believes Union Pacific stock is worth $346 per share; his previous level was $330. More importantly, he maintained his positive view on the stock by maintaining his outperform (i.e., buy) recommendation.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.