Truist initiated coverage of UPS (UPS) with a Buy rating and $140 price target The company’s strategic focus around higher-margin growth opportunities, particularly in small and medium-sized businesses and healthcare logistics, support a positive stance on the shares, the analyst tells investors in a research note. The firm believes there is room for upside to current Street estimates for UPS. It also sees limits to how much Amazon can “Amazonify” the UPS market based on UPS’s retail footprint and the scale of the Express business.
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