Union Pacific upgraded to Hold on valuation at Loop Capital

Loop Capital upgraded Union Pacific (UNP) to Hold from Sell with a price target of $227, up from $214. With the shares down 5% year-to-date, Union Pacific’s valuation multiples are now only modestly above the bottom of their five-year ranges, the analyst tells investors in a research note. The firm cites valuation and its moderated forecasts for tariff impacts for the upgrade. Loop does not recommend chasing further downside in Union Pacific shares.