Union Pacific (UNP) PT Lowered to $252 at TD Cowen

TD Cowen analyst Jason Seidl lowered the price target on Union Pacific (NYSE: UNP) to $252.00 (from $255.00) while maintaining a Buy rating.

The analyst commented, "UNP's 3Q was in line with our estimate but fell slightly short of consensus while Q4 guidance came in ~5% below the Street. Volume strength is being partially offset by challenging pricing and mix as UNP works to run a leaner network while digesting labor expenses and rail inflation. UNP tapping back into buybacks with strong cash flow. PT to $252, reiterate Buy."

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