Citi lifts Union Pacific (NYSE:UNP) to a Buy rating from Neutral on its view the company's free cash flow improvement isn't being factored in by investors.
The investment firm also observes that Union Pacific hasn't outlined its capital structure plans yet following the passing of the tax bill.
Shares of Union Pacific are up 0.58% in premarket trading to $129.04 vs. a 52-week trading range of $101.06 to $143.05.
Sources: MarketWatch, Bloomberg
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