- Lowers rating from Equalweight on “quite aggressive” estimates
- UNO has Outperform sell-side rating average
- Shares have advanced 23.9% in 201
Barclays turned bearish on Union Pacific Corporation (NYSE:UNP) on Thursday after downgrading the transport company to Equalweight in its latest coverage.
Barclays believes recent estimates for the stock are particularly “aggressive” against the backdrop of a slower demand environment and promptly lowered its rating from Overweight.
While the bank is concerned about the short to medium term outlook, UNP retains an Outperform sell-side average rating. It has also made share gains of 23.9% since 1st January.