Union Pacific price target lowered to $255 from $275 at Stephens

Stephens lowered the firm’s price target on Union Pacific (UNP) to $255 from $275 and keeps an Overweight rating on the shares. The company reported lighter Q1 adjusted EPS despite stronger volumes, as unfavorable mix limited the flow-through, the analyst tells investors. Shares could be rangebound in the coming weeks and months with import uncertainty, but the firm sees a favorable risk/reward from this price, even with a lack of near-term catalysts, the analyst added.