BMO Capital analyst Fadi Chamoun lowered the firm’s price target on UPS (UPS) to $125 from $130 but keeps an Outperform rating on the shares. The company’s Q1 results came in slightly above expectations, but the near-term outlook looks increasingly more challenging amid ongoing macro uncertainty, the analyst tels investors in a research note. Steps are being undertaken however to de-emphasize lower margin B2C while allocating capital to higher EBIT margin and ROIC supply chain solutions, BMO added.
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