- JPMorgan analyst Brian Ossenbeck upgraded Union Pacific Corp (NYSE:UNP) to Overweight from Neutral and raised the price target to $247 (implying an upside of 15%) from $234. Ossenbeck cites valuation for the upgrade following the stock’s recent weakness.
- He mentions that expectations have fallen enough that cutting the 2021 volume guidance with its Q3 earnings “won’t come as a surprise.”
- He adds that while West Coast ports remain congested, he has seen rail dwell time in Los Angeles “materially improve over the last month.”
- Recently, Wells Fargo raised the price target to $246 (implying an upside of 14.4%) from $240 and maintained an Equal-Weight on the shares.
- Citigroup lowered the price target to $245 (implying an upside of 14%) from $255 and maintained a Buy rating on the shares.
- Price Action: UNP shares are trading higher by 1.67% at $215.42 on the last check Friday.
Metaverse Land Just Sold For $118,350 (45,000 MANA) In Decentraland
What happened: Virtual land tokenized as an NFT just sold for $118,350, which is 12.28x the current floor price of 3.15 Ethereum (CRYPTO: ETH) ($118,350 USD). The collection consists of over 97,000 plots of land –– at the current moment each plot Land parcels are 16m x 16m, or 52 square feet.
