Union Pacific price target raised to $285 from $275 at Raymond James

Raymond James raised the firm’s price target on Union Pacific (UNP) to $285 from $275 and keeps a Strong Buy rating on the shares. Transport results are being pressured by winter weather and a sharp rise in diesel prices, which increased costs and disrupted operations, though fuel surcharges should mitigate long-term financial impact, the analyst tells investors in a research note. The broader backdrop reflects a supply-driven recovery with improving spot rates and stable-to-modestly improving demand, though not yet strong enough to signal a full volume upcycle, the firm says.