Union Pacific price target raised to $279 from $271 at BofA

BofA raised the firm’s price target on Union Pacific (UNP) to $279 from $271 and keeps a Buy rating on the shares after the company reported Q4 results. The beat was led by costs mainly in “other” expenses, as well as purchased services, offsetting yield pressure, the analyst tells investors in a research note. While its 2025 volume outlook remains mixed, CFO Jen Hamann anticipates continued operational and financial improvement in 2025 led by accretive pricing and further productivity gains, the firm adds.