Barclays lowered the firm’s price target on UPS to $150 from $175 and keeps an Equal Weight rating on the shares. The analyst says the Q4 operating miss and Q4 guidance reduction will likely weigh on the shares. Diverted volume is returning without a pricing war, but softer results to close out 2023 suggest less momentum for the expected 2024 earnings recovery, the analyst tells investors in a research note.
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