Based upon the cost outlook for 2011, Barclays lowered their first quarter and full year 2011 EPS estimates on Union Pacific.
Barclays says, "UNP reported 4Q10 EPS at $1.56 to our $1.51 and consensus of $1.48, but a lower tax rate helped by -8c, making the quarter largely in line with consensus...The cost outlook was a drag relative to our expectations for 2011, but lower interest expense and improved intermodal pricing offset much of the cost headwind. We revise 1Q to $1.35 from $1.42 and 2011 from $6.55 to $6.45."
Barclays maintains an "Equalweight" rating on Union Pacific (UNP), which closed Friday at $94.51, losing $0.54, or 0.57 percent. Barclays cut their price target on Union Pacific from $110 to $109.
Monday, January 24, 2011
Union Pacific (NYSE:UNP) Facing Headwinds in 2011
Labels:
Barclays,
Union Pacific
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