BMO Capital Sees Further Upside for Union Pacific (UNP) as Freight Recovery Continues

NodeGuardian · 2026-03-15T10:36:05+00:00

BMO Capital raised its price target for Union Pacific to $295, citing ongoing freight recovery and maintaining a Market Perform rating. The $1.2 billion locomotive modernization deal with Wabtec aims to enhance efficiency and performance.

NodeGuardian

2026-03-15 10:36:05

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BMO Capital has increased its price target for Union Pacific (UNP) to $295 from $255, maintaining a Market Perform rating, citing the ongoing freight recovery. The firm believes the transportation sector still has upside potential given that the current recovery is not yet overstretched compared to the peak in 2022. This comes after Union Pacific’s major $1.2 billion agreement with Wabtec to modernize its locomotives, aimed at improving efficiency, reliability, and network performance.

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