UPS price target lowered to $180 from $190 at Citi

Citi analyst Christian Wetherbee lowered the firm’s price target on UPS to $180 from $190 and keeps a Buy rating on the shares. The analyst is “inclined to lean in and buy share price weakness” after the Q4 call. There is no doubt the 2024 outlook was worse than expected, but with another $1B of cost takeout coming in 2025, along with the cyclical recovery baked into the rest of transportation, UPS’s 2025 earnings per shared should be north of $10, the analyst tells investors in a research note.