Why Union Pacific Stock Lagged the Market Today

The stock market ended Wednesday well higher, but some benefited from the rally more than others.One that lagged a bit behind peers was railroad company Union Pacific (NYSE: UNP); the market was guarded about the stock after it was flagged for a pair of analyst price target cuts. Its 7%-plus rise on the day would be impressive for a typical trading session, but Wednesday's saw the S&P 500 index blast 9.5% higher.Neither of the cuts was overly dramatic, but together they dampened sentiment on Union Pacific's future. The first came from Jefferies' Stephanie Moore, who set a new price target of $230 per share; previously she had considered it worth $255. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool