Wells Fargo has adjusted its price target on Union Pacific Corporation to $260 from $265 while maintaining an overweight rating. The company specializes in railway transportation, with 94.1% of net sales from merchandise transport, including industrial, agricultural, and intermodal products. Union Pacific operates the largest railroad network in North America, covering 52,915.2 km across 23 states, supported by a fleet of over 7,000 locomotives and freight cars.