Loop Capital Downgrades Union Pacific to Hold, Lowers Price Target to $238
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has downgraded Union Pacific (NYSE:UNP) from Buy to Hold and lowered the price target from $276 to $238.
June 17, 2024 | 3:50 pm
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Loop Capital has downgraded Union Pacific from Buy to Hold and reduced the price target from $276 to $238, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Hold and the significant reduction in the price target suggest that Loop Capital sees less upside potential for Union Pacific in the near term. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
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