Union Pacific price target raised to $265 from $260 at Raymond James

Raymond James analyst Patrick Tyler Brown raised the firm’s price target on Union Pacific (UNP) to $265 from $260 and keeps a Strong Buy rating on the shares. The transport complex had a rough year in 2024 as lower earnings revisions continued from 2023, port dynamics evolved, and election uncertainty was apparent, ultimately weighing on the group across modes, and while most of these issues have come to pass entering 2025, election implications remain front and center particularly around the perceived impact of potential tariffs, the analyst tells investors in a research note. If tariffs are imposed, this could put a damper on the ability for freight markets to maintain their recovery off the bottom, the firm says.