Union Pacific price target lowered to $280 from $290 at Barclays

Barclays analyst Brandon Oglenski lowered the firm’s price target on Union Pacific to $280 from $290 and keeps an Overweight rating on the shares post the Q2 report. In a strong trading session for transport equities, Union Pacific’s relative underperformance is consistent with a relatively tempered forward outlook despite solid progress on margins over the past year, the analyst tells investors in a research note.