JP Morgan Raises PT On UNP To $122

JP Morgan has issued a report raising the Price Target on Union Pacific UNP from $106 to $122 a share. According to the report, "We expect improving volume performance (driven by coal and auto) to support the stock in the near term. In our view, reward to risk for UNP stock is attractive." UNP has an Overweight Rating and closed yesterday at $104.40 a share.