Contract Ratification: Maintenance of way workers at Union Pacific have ratified a new five-year contract, represented by the Brotherhood of Maintenance of Way Employes Division (BMWED) of the Teamsters Rail Conference.
Key Benefits: The agreement includes an 18.5% wage increase, improved vacation policies, and enhanced health and welfare benefits for approximately 6,600 Union Pacific Teamsters.
Significance of the Agreement: The contract is particularly important in light of Union Pacific's proposed merger with Norfolk Southern, which could create the largest railroad in American history.
Union Strength: Over 23,000 Teamsters railroaders have ratified new labor agreements this year, highlighting the collective strength and unity of the unions involved.
UNP
$235.88+Infinity%1D
Analyst Views on UNP
Wall Street analysts forecast UNP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNP is 264.00 USD with a low forecast of 227.00 USD and a high forecast of 291.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast UNP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNP is 264.00 USD with a low forecast of 227.00 USD and a high forecast of 291.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 240.470
Low
227.00
Averages
264.00
High
291.00
Current: 240.470
Low
227.00
Averages
264.00
High
291.00
Deutsche Bank
Buy
to
Hold
downgrade
2025-12-11
Reason
Deutsche Bank
Price Target
2025-12-11
downgrade
Buy
to
Hold
Reason
Deutsche Bank downgraded Union Pacific to Hold from Buy.
Deutsche Bank
Richa Harnain
Buy -> Hold
downgrade
$245
2025-12-11
Reason
Deutsche Bank
Richa Harnain
Price Target
$245
2025-12-11
downgrade
Buy -> Hold
Reason
Deutsche Bank analyst Richa Harnain downgraded Union Pacific (UNP) to Hold from Buy with a $245 price target. The firm says the stock has underperformed despite Union Pacific reporting two "very strong" quarters. Deutsche is concerned how the stock may respond to the potential of more Norfolk Southern (NSX) merger opposition and less robust earnings beats.
Bernstein
Outperform -> NULL
downgrade
$294 -> $290
2025-11-11
Reason
Bernstein
Price Target
$294 -> $290
2025-11-11
downgrade
Outperform -> NULL
Reason
Bernstein lowered the firm's price target on Union Pacific to $290 from $294 and keeps an Outperform rating on the shares. The firm notes Q3 saw top line headwinds, but opex / adjusted OR performance generally strong. A key learning from the last few weeks, Bernstein says, has been that the realignment of intermodal volumes has started to become a reality.
TD Cowen
Jason Seidl
Buy
downgrade
$258 -> $257
2025-10-24
Reason
TD Cowen
Jason Seidl
Price Target
$258 -> $257
2025-10-24
downgrade
Buy
Reason
TD Cowen analyst Jason Seidl lowered the firm's price target on Union Pacific to $257 from $258 and keeps a Buy rating on the shares. The firm said they posted a 3Q beat, and strong service metrics though Q4 should see a notable step down in earnings as volumes remained pressured from a macro and more difficult year-over-year comparisons.
About UNP
Union Pacific Corporation, through its principal operating company, Union Pacific Railroad Company, connects over 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. It maintains coordinated schedules with other rail carriers to move freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico. The railroad’s diversified business mix includes bulk, industrial, and premium. Its Bulk shipments consist of grain and grain products, fertilizer, food and refrigerated, and coal and renewables. The Industrial shipments consist of several categories, including construction, industrial chemicals, plastics, forest products, specialized products (primarily waste, salt, and roofing), metals and ores, petroleum, liquid petroleum gases (LPG), soda ash, and sand. Its Premium shipments include finished automobiles, automotive parts, and merchandise in intermodal containers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
