RBC Capital lowered the firm’s price target on Union Pacific (UNP) to $283 from $288 and keeps an Outperform rating on the shares. The company reported weaker than expected Q3 results and guided down on Q4, but while the selloff in the stock is not surprising, the firm maintains that Union Pacific is making significant strides in improving operating productivity, the analyst tells investors in a research note.
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Read More on UNP:
- Union Pacific price target lowered to $255 from $270 at Wells Fargo
- Union Pacific price target lowered to $255 from $260 at Susquehanna
- Union Pacific price target lowered to $260 from $270 at Baird
- Union Pacific price target lowered to $275 from $280 at Barclays
- Union Pacific price target lowered to $260 from $270 at BofA