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Stock Market & Financial Investment News

News Breaks
November 20, 2012
07:34 EDTUNPUnion Pacific lines to run X Train service in late 2013
Las Vegas Railway Express announced the signing of a conditional agreement to provide luxury passenger train service between Las Vegas, Nevada and Los Angeles, California over Union Pacific Railroad lines. This agreement is contingent upon LVRE fulfilling a variety of conditions in a specified time. Known as the "X Train," the service is currently scheduled for commencement in late 2013. Las Vegas Railway Express has signed a MOU with The Plaza Hotel & Casino on the Vegas strip for 3,100 square feet of space to be used for terminal operations with an additional 1,900 square feet for food preparation.
News For UNP From The Last 14 Days
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June 30, 2015
08:09 EDTUNPRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).

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