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Union Pacific Fell Over 2% on Rating Downgrade from Barclays

Anirudha Bhagat
Union Pacific Fell Over 2% on Rating Downgrade from Barclays

Union Pacific stock (UNP) fell 2.4% on June 13 after Barclays (BCS) lowered its recommendation on the stock from “overweight” to “equal weight.” Barclays analyst Brandon Oglenski believes that the earnings estimate for Union Pacific doesn’t reflect the slower demand environment.