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JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Union Pacific (NYSE:UNP) Stock
JPMorgan Chase & Co. has raised its price target for Union Pacific (NYSE:UNP) stock to $275, while maintaining a “neutral” rating, indicating a potential 1.44% upside. This adjustment follows Union Pacific’s strong Q1 results, which surpassed revenue and earnings expectations. Despite positive analyst sentiment and recent price target hikes from other firms, management has cautioned about future fuel costs and regulatory uncertainties surrounding a proposed acquisition.