1. Union Pacific Corporation (NYSE:UNP)
On April 24, 2026, Raymond James raised its price target on Union Pacific Corporation (NYSE:UNP) to $310 from $285 and maintained a Strong Buy rating. The firm said Union Pacific’s renewed focus on service improvements and network efficiency should drive higher profitability and reliability through better asset utilization and tighter operational execution. Raymond James also said the proposed acquisition of Norfolk Southern could be transformative for the broader U.S. rail industry by boosting volumes, pricing power, and earnings.
That same day, Benchmark raised its price target on Union Pacific Corporation (NYSE:UNP) to $300 from $275 and maintained a Buy rating. The firm said first-quarter earnings topped expectations despite a slight revenue miss, as lower-than-expected expenses reflected productivity gains that allowed the railroad to operate efficiently with fewer employees and locomotives. Benchmark added that business wins, operational leverage, and efficiency improvements leave Union Pacific well-positioned for an eventual macro recovery.
On April 23, 2026, Union Pacific reported adjusted EPS of $2.93, ahead of consensus estimates of $2.86, while revenue of $6.22 billion narrowly topped expectations of $6.21 billion. CEO Jim Vena said the company continued to improve safety, service, and operational performance during the quarter, while advancing through the regulatory process to create what he called America’s first transcontinental railroad. Union Pacific also reaffirmed its 2026 outlook, calling for mid-single-digit earnings growth, continued operating ratio improvement, strong cash generation, and $3.3 billion in capital spending, alongside consistent annual dividend increases.
Union Pacific Corporation (NYSE:UNP), through Union Pacific Railroad Company, operates one of the largest freight rail networks in the United States.
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