Union Pacific (NYSE:UNP) Sets New 1-Year High Following Strong Earnings

Union Pacific (NYSE:UNP) stock hit a new 52-week high after reporting stronger-than-expected Q1 earnings, with EPS of $2.93 and revenue of $6.22 billion, surpassing consensus estimates. Management reiterated its pursuit of the Norfolk Southern acquisition and affirmed annual guidance, despite a warning about rising fuel costs. Wall Street analysts largely maintain “Buy” ratings, with an average price target of $267.48.

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