TD Cowen Highlights Steady Execution at Union Pacific (UNP) After Q4 Results

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On January 28, TD Cowen trimmed its terms people connected Union Pacific Corporation (NYSE:UNP) to $255 from $257 portion maintaining a Buy rating. The steadfast updated its outlook aft the institution reported Q4 results that reflected dependable execution, with guidance coming successful mostly successful enactment with expectations.

Union Pacific reported fourth-quarter net connected January 27 that came successful somewhat beneath analysts’ forecasts, arsenic uneven freight request and ongoing macroeconomic pressures weighed connected performance. The results besides get arsenic regulators proceed to reappraisal the company’s projected acquisition of Norfolk Southern. Last year, Union Pacific announced an $85 cardinal bid for its smaller rival, a woody that would make the archetypal coast-to-coast freight railroad successful the US. The connection has faced pushback from obstruction unions, which reason the merger could endanger jobs and pb to higher costs for shippers.

For the 4th ended December 31, Union Pacific posted adjusted net of $2.86 per share, conscionable beneath the $2.87 analysts had expected, according to LSEG data. Operating gross totaled $6.09 billion, besides somewhat nether forecasts of $6.12 billion. Looking ahead, the institution is guiding for mid-single-digit net maturation successful 2026.

Union Pacific Corporation (NYSE:UNP) operates 1 of the largest obstruction networks successful the US, spanning much than 23 states crossed the occidental two-thirds of the state and playing a cardinal relation successful keeping the planetary proviso concatenation moving.

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