Morgan Stanley analyst Ravi Shanker lowered the firm’s price target on Union Pacific to $176 from $179 and keeps an Equal Weight rating on the shares. The firm says it expects "another quarter of tough results" across the North American freight transportation group after a "promising start to 2023 faded toward the end" of Q1. How much of the March softness is due to catch up from weather disruptions and shippers holding off on restocking decisions "remains to be seen," the firm added.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on UNP:
- Union Pacific reaches paid sick leave agreements with eight labor unions
- Union Pacific price target lowered to $207 from $215 at Deutsche Bank
- Union Pacific upgraded to Sector Perform at RBC amid activism
- Union Pacific upgraded to Sector Perform from Underperform at RBC Capital
- Union Pacific rises 11.3%
