RBC Capital analyst Walter Spracklin lowered the firm’s price target on Union Pacific to $191 from $200 and keeps an Underperform rating on the shares after its Q4 earnings miss. The quarter was lackluster and the 2023 outlook was "vague", the analyst tells investors in a research note. The firm adds however that it would get more constructive on the stock with an injection of "precision scheduled railroading"-experienced officials to bring a structural cost improvement for Union Pacific into view.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on UNP:
- Union Pacific price target raised to $222 from $213 at Cowen
- Union Pacific price target raised to $218 from $215 at Susquehanna
- Union Pacific weakness a buying opportunity, says Baird
- Union Pacific price target raised to $225 from $219 at Goldman Sachs
- Union Pacific downgraded to Neutral at BofA on sustained cost pressures