Union Pacific resumed with a Neutral at Baird

Baird resumed coverage of Union Pacific (UNP) with a Neutral rating and $231 price target The firm is resuming coverage on the trucking, logistics and rail sectors with “a constructive, but balanced view” of the near-term headwinds, risks and earning prospects. The conditions that “typically precede a turn are largely in place,” but how the remainder of 2025 unfolds remains uncertain, the analyst tells investors.