BMO Capital analyst Fadi Chamoun downgraded UPS (UPS) to Market Perform from Outperform with a price target of $96, down from $125. The company is not seeing a recovery in demand, especially in its “important” business-to-business segment, amid macro environment challenges and shifting U.S. trade policies, the analyst tells investors in a research note. The firm adds that UPS’ cost savings are “proving more gradual” while the insourcing of Surepost has proven more challenging to network density.
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