BMO Capital analyst Fadi Chamoun lowered the firm’s price target on UPS to $165 from $185 and keeps a Market Perform rating on the shares after its Q3 results. The management team is executing well against what they can control and are allocating capital prudently, the analyst tells investors in a research note. The firm adds however that the company’s Domestic franchise faces significant headwinds, ranging from inflationary pressures, to structural density challenges, a muted macro backdrop, and an increasingly competitive last mile delivery market that is currently oversupplied.
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