These Analysts Boost Their Forecasts On Union Pacific After Q2 Results
Portfolio Pulse from Lisa Levin
Union Pacific Corp (NYSE:UNP) reported weaker-than-expected Q2 FY23 results with a 5% YoY decline in operating revenue to $5.96 billion, missing the consensus of $6.12 billion. EPS was $2.57, missing the consensus of $2.75. Despite this, the company's shares gained 10.4% to close at $238.00 on Wednesday. Post earnings, Raymond James and Barclays increased their price targets on Union Pacific, while Atlantic Equities downgraded the stock from Overweight to Neutral.
July 27, 2023 | 12:47 pm
News sentiment analysis
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NEUTRAL IMPACT
Union Pacific's weaker-than-expected Q2 results could negatively impact investor sentiment. However, increased price targets from Raymond James and Barclays may offset this. Atlantic Equities' downgrade could also influence the stock's performance.
Union Pacific's weaker-than-expected Q2 results could lead to a negative sentiment among investors, potentially driving the stock price down. However, the increased price targets from Raymond James and Barclays indicate a positive outlook for the stock, which could counteract the negative impact. The downgrade from Atlantic Equities could also influence the stock's performance, but it's unclear to what extent.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100