UPS price target lowered to $179 from $183 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on UPS to $179 from $183 and keeps a Buy rating on the shares following the investor day. The company’s long-term outlook “was fine,” but the “last-minute warning” on Q1 took the stock down about 8%, the analyst tells investors in a research note. The firm says the Q1 commentary implies a “huge” increase in profits from Q1 to Q2, which usually does not happen to the magnitude implied, “so the shares find themselves still in the penalty box.”