June 20, 2016

Scotiabank Downgraded Union Pacific Co. (UNP)


Union Pacific Co. (NYSE:UNP) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Monday, The Fly reports.

Several institutional investors have made changes to their positions in UNP. Nicholas Investment Partners LP acquired a new position in shares of Union Pacific during the first quarter worth about $290,000. Raab & Moskowitz Asset Management LLC raised its position in shares of Union Pacific by 8.0% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 3,879 shares of the railroad operator’s stock worth $308,000 after buying an additional 288 shares during the last quarter. Douglas Lane & Associates LLC acquired a new position in shares of Union Pacific during the first quarter worth about $319,000. Peddock Capital Advisors LLC raised its position in shares of Union Pacific by 17.2% in the first quarter. Peddock Capital Advisors LLC now owns 4,042 shares of the railroad operator’s stock worth $322,000 after buying an additional 594 shares during the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in shares of Union Pacific by 60.9% in the first quarter. Duncker Streett & Co. Inc. now owns 4,622 shares of the railroad operator’s stock worth $368,000 after buying an additional 1,750 shares during the last quarter.