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Citi lifts Union Pacific rating to 'buy' on valuation

ReutersApr 8, 2025 11:47 AM

Citi Research upgrades rating for railroad operator Union Pacific UNP.N to "buy" from "neutral"

Sees UNP's current valuation as "attractive" following recent market selloff, says trough earnings limit downside risks

But the brokerage cuts PT to $244 from $260, still a 16.2% upside to the stock's last close

Cites "prolonged freight recession, delay in potential volume benefits from increased domestic manufacturing and cycle inflection"

18 of 32 brokerages rate UNP "buy" or higher, 13 "hold" and 1 "sell"; their median PT is $265 - data compiled by LSEG

As of last close, stock had fallen 7.9% YTD

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