Sep. 16 at 3:20 PM
$UNP $NSC
UBS upgraded Union Pacific to Buy from Neutral this morning and raised its price target to
$339 from
$310.
UBS's thesis centers on stronger volume growth, including expectations for roughly 6%–7% intermodal volume growth in 2027, plus continued strength in industrial traffic. The firm estimates
$UNP EPS of
$13.41 in 2026 and
$14.90 in 2027, reportedly about 3% and 5% above consensus, respectively.
The upgrade comes while investors continue evaluating the proposed
$UNP–
$NSC combination, making the above-consensus standalone operating outlook particularly noteworthy.
Analyst action — not a new company forecast.