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iShares Transportation ETF Struggles Despite Positive Remarks About UPS and Union Pacific
By Market News Video Staff, Friday, October 22, 10:32 AM ET
The iShares Dow Jones Transportation Average Index Fund (AMEX:IYT) is struggling on Friday morning despite positive remarks about both UPS (NYSE:UPS) and Union Pacific (NYSE:UNP). Barclays increased both its price target and EPS estimates on shares of UPS following strong third quarter results by the logistics company. And Wells Fargo upgraded shares of Union Pacific to outperform as the company continues to expand margins despite a difficult economic environment.
UPS and Union Pacific account for more than 17% of the total IYT portfolio, with the top holding as FedEx (NYSE:FDX). For a complete list of the holding, please visit the IYT Holdings page.
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