Susquehanna lowered the firm’s price target on UPS (UPS) to $120 from $130 and keeps a Neutral rating on the shares. The firm trimmed its UPS estimates into earnings season primarily on lower U.S. volumes and related operating leverage. The update comes following FedEx’s (FDX) guidance reduction earlier this month here and rising macro conservatism toward their forecasts across transports.
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Read More on UPS:
- UPS price target lowered to $90 from $100 at Barclays
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- United Parcel Service Stock (UPS) Drops to Bottom of S&P 500 as BofA Cuts Forecast
- UPS price target lowered to $129 from $133 at BofA
- FedEx (FDX) Is About to Report Its Earnings This Week. Here Is What to Expect
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