Union Pacific price target lowered to $272 from $282 at RBC Capital

RBC Capital analyst Walter Spracklin lowered the firm’s price target on Union Pacific to $272 from $282 but keeps an Outperform rating on the shares. The company reported a “strong” Q4 earnings beat, but its cautious outlook that was also reiterated on the conference call is weighing on the stock, the analyst tells investors in a research note. RBC adds however that with operations now reset and service levels up, Union Pacific is poised to benefit from further operating improvement momentum, share gains, and general volume improvement.