BUZZ-BMO cuts Union Pacific to 'market perform' on weak freight demand
Reuters01-07
BUZZ-BMO cuts Union Pacific to 'market perform' on weak freight demand** BMO downgrades railroad operator Union Pacific UNP.N to "market perform" from "outperform"
** Cuts PT to $255 from $270, representing 9.2% upside on stock's last close
** Brokerage says it downgrades UNP given limited visibility into regulatory outcomes and continued softness in freight demand
** 17 of 27 brokerages rate stock "buy" or higher and 10 "hold"; their median PT is $261 - LSEG data
(Reporting by Parth Chandna)
((Parth.Chandna@thomsonreuters.com;))
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