Union Pacific price target lowered to $275 from $285 at Barclays

Barclays lowered the firm’s price target on Union Pacific to $275 from $285 and keeps an Overweight rating on the shares. The analyst says Q3 was the fourth consecutive period of a broad-based freight recession with incremental margin pressure for most transports coming from higher fuel prices. However, most North America transportation stocks have lagged, setting up for a better 2024, the analyst tells investors in a research note.