Wells Fargo analyst Allison Poliniak-Cusic lowered the firm’s price target on UPS to $205 from $221 and keeps an Overweight rating on the shares. There are macro pressures and headwinds from investments in 2023 which are obfuscating underlying gains, the firm says. Wells believes UPS has gained momentum in core initiatives offset by macro challenges. With shares trading at 14-times its 2024 EPS estimate, the firm is a buyer.
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Published first on TheFly
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