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Stephens Says Union Pacific Investors Have 'Buying Opportunity'

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Union Pacific Corporation NYSE:UNP - Stephens Says Union Pacific Investors Have 'Buying Opportunity'

Shares of Union Pacific Corporation UNP 3.28% are up more than 2.6 percent on Tuesday trading, after research firm Stephens upgraded its stock from Equal-Weight to Overweight, maintaining a price target of $105.00.

According to a report issued Tuesday, analysts Justin Long and Brian Colley think the year-to-date pullback in the stock’s price (which can also be understood as a contraction in multiples) has created an “attractive” risk/reward profile as fundamentals start to stabilize.

Union Pacific’s stock has lost almost 27 percent since the beginning of the year, and the experts believe “sentiment has also turned...