Union Pacific Corporation reported fourth-quarter earnings of $2.86 per share, narrowly missing analyst expectations, while operating revenue also fell short at $6.09 billion. Despite this, the company is guiding for mid-single-digit earnings growth in 2026 and plans to submit a revised merger application with Norfolk Southern in March, aiming to finalize the $85 billion transaction by early 2027. Analysts are adjusting their price targets, reflecting changing expectations for the railroad giant.
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