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Union Pacific stock rises after J.P. Morgan says it's time to buy

·1 min read
Union Pacific stock rises after J.P. Morgan says it's time to buy
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Shares of Union Pacific Corp. rose 1.1% in premarket trading Friday, after J.P. Morgan analyst Brian Ossenbeck turned bullish as valuation has become attractive following the recent pullback and as network operations have stabilized. Ossenbeck raised his rating to overweight from neutral and boosted his stock price target to t$247 from $234. He said that while U.S. rails have had a "rough" two months, given disappointing volumes, labor concerns and potential for higher taxes, he sees "some light