Union Pacific stock (NYSE: UNP) is up 12% since the start of the year and it has gained around 78% from its March lows. Union Pacific faces downside risk as the company’s revenues in the last three quarters have declined by 13%. The ongoing Covid-19 crisis and the economic uncertainty has hit the company’s transportation business. This is likely to impact the revenue growth rate of the company – leading to a drop in the stock price.
Following a large 78% rise since the March 23 lows of this year, at the current price near $203 per share, we believe UNP stock has reached its near term potential. UNP stock has rallied from $114 to