BofA lowers Union Pacific's PT after disappointing forecast
** BofA Securities cuts Union Pacific's UNP.N PT to $273 from $275, while reiterating "buy" rating
** Lowers PT after UNP's EPS forecast at investor day comes in below BofA's expectation of 13% average EPS growth range
** UNP on Thursday said it is targeting compounded annual EPS growth in the high single to low double digit range over next 3 years
** Railroad operator expects revenue to grow faster than volumes in that period, outpacing the market
** Brokerage increases 2024 EPS by 1% on strong international volumes of intermodal segment but lowers 2025 EPS estimate by 1% as strong volumes could pressure margins
** 17 of 29 brokerages rate the stock "buy" or higher, 12 "hold"; median PT $266 - LSEG
** Stock up 1.2% YTD as of last close
Reporting by Abhinav Parmar in Bengaluru
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