Union Pacific’s Price Target Boosted at Barclays Capital (UNP)

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Railroad operator Union Pacific Corporation ( UNP ) on Thursday saw its price target raised by analysts at Barclays Capital.

The firm said it lifted its price target on UNP from $94 to $110. That new target implies a 12% upside to the stock's Wednesday closing price of $98.08. Barclays noted that higher grain exports should add to earnings this year, and maintained its "Equal Weight" rating on the stock.

Union Pacific shares rose 40 cents, or +0.4%, in premarket trading Thursday.

The Bottom Line
We have been recommending shares of Union Pacific ( UNP ) since Jan.3, 2011, when the stock was trading at $92.66. The company has a 1.55% dividend yield, based on last night's closing stock price of $98.08.

Union Pacific Corporation ( UNP ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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