Railroad operator Union Pacific Corporation (
) on Monday saw its shares removed from Bank of America's "Most
Attractive" Buy List.
The firm said it's making its list most defensive amid the
current market volatility. Additionally, Bank of American was
spooked by the fact that the transports suffered another pricing
Union Pacific shares were unchanged in premarket trading
The Bottom Line
Shares of Union Pacific (
) have a 2.22% dividend yield, based on Friday's closing stock
price of $85.69. The stock has technical support in the $80 price
area. If the shares can firm up, we see overhead resistance around
the $90-$92 price levels.
Union Pacific Corporation (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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, as well as a detailed explanation of
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