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UPS price target raised to $127 from $123 at Goldman Sachs

Goldman Sachs raised the firm’s price target on UPS (UPS) to $127 from $123 and keeps a Buy rating on the shares. The firm cites a solid beat in the company’s International EBIT margin and notes it would continue to expect to see y/y improvement in domestic margin beyond the Amazon (AMZN) transition, the analyst tells investors in a research note. The company’s total EBIT exceeded the firm’s forecast by 3% on the stronger international EBIT, the firm added.

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