UPS price target lowered to $120 from $130 at Truist

Truist lowered the firm’s price target on UPS (UPS) to $120 from $130 but keeps a Buy rating on the shares. The company reported a “lackluster” print”, but while macro uncertainty clouds visibility into the second half of FY25, the firm continues to view UPS as a quality long-term holding that is supported by growing small-medium business and Healthcare businesses, the analyst tells investors in a research note.