Wells Fargo Maintains Overweight on Union Pacific, Lowers Price Target to $255
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Christian Wetherbee maintains an Overweight rating on Union Pacific (NYSE:UNP) but lowers the price target from $270 to $255.
October 25, 2024 | 1:10 pm
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Wells Fargo maintains an Overweight rating on Union Pacific but reduces the price target from $270 to $255, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Union Pacific's performance, but the lowered price target reflects a tempered outlook, likely due to market conditions or company-specific factors. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100