Wells Fargo says meetings with Union Pacific (UNP -0.1%) management have given it "renewed...


Wells Fargo says meetings with Union Pacific (UNP -0.1%) management have given it "renewed confidence" in the strength of the company's earnings growth over the near term. The firm says that despite the economic slowdown, UNP has a unique geographic footprint covering a diverse array of industries which buffers it from cyclical weakness, and neatly positions it to take optimum advantage of areas of secular growth. It reiterates its outperform rating and $134 -$138 target range.

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