Union Pacific Eyes Norfolk Southern Deal
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Union Pacific is working with Morgan Stanley investment bankers to provide guidance on the potential acquisition of another Class I railroad, the online publication Semafor reported on Wednesday, citing people familiar with the matter.
Executives and insiders have speculated for months that a Trump presidency could usher in a fresh wave of rail consolidation.
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Union Pacific (UNP) Stock Trades Down, Here Is WhyShares of freight transportation company Union Pacific (NYSE:UNP) fell 3.2% in the pre-market session after reports revealed the company was considering a major acquisition of an East Coast railroad.
Union Pacific appears to be using a familiar playbook that large, publicly traded companies trot out when considering mergers and acquisitions: Send up trial balloons and see how they fly. These trial balloons let management gauge market reaction,
Fintel reports that on July 27, 2023, Morgan Stanley maintained coverage of Union Pacific (NYSE:UNP) with a Equal-Weight recommendation. Analyst Price Forecast Suggests 6.32% Downside
NEW YORK (MarketWatch) -- Union Pacific Corp. garnered its second upgrade from Morgan Stanley in less than a month Friday, as the brokerage argued that the worst is over for the railroad operator ...