BMO Capital Revises United Parcel Service Rating to Market Perform
Deep News
14 hours ago
BMO Capital Markets analyst Fadi Shamoun has downgraded United Parcel Service Inc to "market perform" from a previous rating, setting a price target of $96 per share. According to the analyst, a recovery in demand remains difficult to achieve, particularly in the crucial business-to-business segment. Changes in U.S. trade policy, including the elimination of de minimis exemptions, have further intensified macroeconomic challenges. At the same time, cost-cutting initiatives at United Parcel Service Inc are progressing more slowly than anticipated.
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