Union Pacific (UNP) Tops Q3 EPS by 5c
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October 19, 2023 4:00 PM EDT
Goldman Sachs analyst Jordan Alliger raised the price target on Union Pacific (NYSE: UNP) to $233.00 (from $230.00) while maintaining a Buy rating.
The analyst commented, "Net/net, although we slightly lower our forecasts to better track yield and expense run-rates, we remain Buy-rated... More
October 19, 2023 12:04 PM EDT
Union Pacific (NYSE: UNP) shares jumped Thursday after the company reported earnings for its latest quarter before the open, topping earnings expectations.
The company reported Q3 EPS of $2.51, $0.05 better than the analyst estimate of $2.46. However, revenue for the quarter came in at $5.9 billion, below the consensus estimate of $5.99 billion.
UNO said it faced various challenges in the quarter, including continued inflationary pressures and a drop in carloads.... More
