Oppenheimer analyst Scott Schneeberger lowered the firm’s price target on UPS to $184 from $195 and keeps an Outperform rating on the shares. The firm notes UPS recently shared incremental details relating to its updated labor contract and the expected quarterly cadence of its second half of 2023 adjusted operating income. The company indicated Q3 operating income should represent 1/3rd of the second half of 2023 adjusted operating income.
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