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Union Pacific (UNP) Stock Slumps, Downgraded at Deutsche

NEW YORK (TheStreet) -- Shares of Union Pacific (UNP) are down by 0.18% to $93.95 in pre-market trading Wednesday morning, as the company's rating was cut to "hold" from "buy" at Deutsche Bank.

The firm maintained its price target on the Omaha-based locomotive operator at $94, but lowered its rating based on valuation.

"We are waiting for rail volumes to inflect positively to drive operating leverage to grow more constructive on the group more broadly as mix and fuel headwinds are poised to weigh on near-term earnings trends," Deutsche...