BMO Cuts Union Pacific (UNP) Target Amid Merger Concerns

Union Pacific Corporation (NYSE:UNP) ranks among the 10 best new stocks to buy in Ray Dalio’s portfolio. On January 7, BMO Capital downgraded Union Pacific Corporation (NYSE:UNP) from Outperform to Market Perform and cut its price target to $255 from $270. The revision comes as BMO describes Union Pacific’s planned merger with Norfolk Southern as “one of the most consequential developments in the rail industry in decades.” The firm noted increased regulatory uncertainty around the merger, which has the p ...