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2026-07-15 21:08:11
[Benchmark Raises Target Prices for Two Major Railroad Stocks; Intermodal Freight Volume Grows Despite High Base, Year-to-Date Gains Exceed 20%] ⑴ Benchmark raised its target prices for U.S. railroad operators Union Pacific and CSX on Wednesday, maintaining a "buy" rating on both companies. The firm believes the strong performance of the domestic freight market is driving continued growth in intermodal freight volume across the industry, even against a high base from the same period last year. ⑵ The firm noted that Union Pacific's strong performance in both freight volume and rates supports its more optimistic profit outlook, which is the main reason for the target price increase. ⑶ For CSX, Benchmark believes the growth momentum in rail freight volume remains strong enough to support the market's upward revision of its profit expectations, thus maintaining a positive view. ⑷ As of the previous trading day's close, Union Pacific had risen approximately 25% year-to-date, while CSX had risen nearly 38%. Both companies' stock prices have accumulated significant gains; whether they can continue to exceed expectations in freight volume and rates will be key.
