UPS price target lowered to $175 from $210 at Argus

Argus analyst John Eade lowered the firm’s price target on UPS to $175 from $210 but keeps a Buy rating on the shares. The company is well positioned to benefit from a number of positive trends, including the continued growth of e-commerce, the analyst tells investors in a research note. A difficult Q3 earnings report has also improved UPS valuations, and the stock represents a “value opportunity”, the firm added.