Dahlman Rose Increases Union Pacific PT, Maintains Buy

Dahlman Rose increased its Union Pacific UNP price target from $117 to $121 and maintained its Union Pacific Buy rating in a research report published today. In the report, Dahlman Rose states, "We believe Union Pacific remains well positioned to benefit further from the ongoing freight recovery. Additionally, price outlook continues to improve, as more legacy contracts should be re-negotiated in 4Q11." Shares of Union Pacific were trading at $104.70 at the time of posting, up 4.88% from Wednesday's market close.