Union Pacific Corporation (UNP) shares reached a new 52-week high of $290.41 on Tuesday. The stock surpassed its previous closing price of $286.96.

Raymond James Financial maintained a strong-buy rating on the stock. The firm raised its price target to $363.00 from $310.00.

Susquehanna also increased its price target for the railroad operator. The analysts lifted the target to $333 from $305.