Morgan Stanley Reaffirms Their Hold Rating on Union Pacific Corp (UNP)
Morgan Stanley analyst Ravi Shanker maintained a Hold rating on Union Pacific Corp (NYSE: UNP) today and set a price target of $141. The company’s shares opened today at $164.30, close to its 52-week high of $165.63.
According to TipRanks.com, Shanker is a 3-star analyst with an average return of 3.2% and a 57.3% success rate. Shanker covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and ArcBest Corporation.
Currently, the analyst consensus on Union Pacific Corp is a Moderate Buy with an average price target of $169.79.
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Based on Union Pacific Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.67 billion and net profit of $1.51 billion. In comparison, last year the company earned revenue of $5.41 billion and had a net profit of $1.19 billion.
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