Union Pacific price target lowered to $257 from $261 at RBC Capital

RBC Capital lowered the firm’s price target on Union Pacific (UNP) to $257 from $261 and keeps an Outperform rating on the shares. The company’s Q1 results were weaker than expected, driven by weaker margins, and aggravating the sentiment was the management’s lack of 2025 guide and indication for potentially weaker back-half port volumes, the analyst tells investors in a research note. RBC adds however that the rail’s efficiency metrics were impressive.