BMO Capital lowered the firm’s price target on Union Pacific to $275 from $280 but keeps an Outperform rating on the shares. The financial framework for 2025-2027 offered by the management at the company’s Investor Day was “potentially conservative” and sets up Union Pacific for an outperformance scenario, the analyst tells investors in a research note. In the absence of a recession, the risk/reward on the stock looks “favorable”, BMO added.
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