L.B. Foster price target raised to $56 from $46 at DA Davidson DA Davidson increased its price target on L.B. Foster (FSTR) as the firm believes that the company's recently announced long term deal with Union Pacific (UNP) reduces the risk posed by Foster's stock and should result in a higher multiple. The firm maintains a Buy rating on L.B. Foster.
Union Pacific downgraded to Neutral from Outperform at Macquarie Macquarie downgraded Union Pacific to Neutral and lowered its price target to $95 form $105. The firm believes upcoming gas capacity will pressure rail growth in 2017-2018 and displaced coal volumes will be hard to overcome.