Street View: Wall Street stays bullish on Union Pacific's long‑term story
24/04/2026 13:38
** Union Pacific UNP.N warned on Thursday that rising fuel prices linked to Middle East conflict could pressure its margins, especially in Q2
** Results come after Union Pacific signed $85 billion agreement last year to buy smaller rival Norfolk Southern NSC.N
** Median PT of 26 brokerages covering stock is $286 - LSEG-compiled data
MERGER MATTERS
** Raymond James ("strong buy," PT: $310) says productivity and latent capacity continue to drive core UNP story with NSC merger potential adding longer-term upside
** Morgan Stanley ("buy," PT: $325) says likely conservative guide, heavier skew towards back end growth for long-term targets, and ongoing M&A uncertainty leave earnings upside dependent on clearer catalysts
** Jefferies ("buy," PT: $325) says near-term EPS could benefit from stronger industrial demand, but remain most convicted on long-term strategic and financial merits of combined UP-NSC transcontinental network
** Benchmark ("buy," PT: $300) says "ultimately, independent of the merger, we continue to believe business development wins, productivity gains, and operating leverage put UNP in a favorable position to take advantage of an eventual improvement in the macro"
(Reporting by Joel Jose in Bengaluru)
((joeljose@thomsonreuters.com))