Raymond James lowered the firm’s price target on UPS (UPS) to $120 from $125 and keeps a Strong Buy rating on the shares. Tariffs remain a focal point across the transportation space given the impact to goods pricing and ultimately the end consumer, while trade deals with the U.S.’ largest trading partners remain at a standstill, the analyst tells investors in a research note. Tariffs are clouding the outlook for retail holiday growth as peak season nears for the parcel carriers, the firm argues.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPS:
- Seaport Research eCommece analysts hold analyst/industry conference call
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Option traders moderately bearish in UPS with shares up 0.94%
- Kroger reports mixed Q2, U.S. CPI rises 0.4% in August: Morning Buzz
- Apple downgraded, Nvidia upgraded: Wall Street’s top analyst calls