5 Best Stocks That Will Gain From Biden’s Job and Infrastructure Plan

4. Union Pacific Corporation (NYSE: UNP)

Union Pacific Corporation (NYSE: UNP) is a Nebraska-based railroad holding company. It is one of the largest rail providers in the Western US, posting strong profits that it expects to grow by 31% over the next two years. The stock of the firm saw a new high of $219 over the past few months and was in the portfolio of 68 hedge funds at the end of last year. The company has a market cap of more than $147 billion and posted more than $19.5 billion in revenue in December 2020. It is expected to benefit from the spending on American infrastructure in the next few years if the American Jobs Plan is passed.

Leading investment firm Morgan Stanley increased the price target of Union Pacific from $170 to $180 earlier this week. The investment firm had an Equal Weight rating on the stock of UNP. Another investment bank, Credit Suisse Group, had set the rating of Union Pacific stock to Outperform and revised their price target to $243 earlier this year. Stocks for the railroad company were up 0.11% in trading earlier today. The firm is 4th on our list of top 10 best stocks that will gain from Biden’s jobs and infrastructure plan. 

 Chris Hohn’s TCI Fund Management, with 6 million shares of UNP, is the biggest stakeholder in the company.