Loop Capital analyst Rick Paterson lowered the firm’s price target on UPS to $212 from $219 but keeps a Buy rating on the shares as part of a broader research note on Air Freight & Logistics. The analyst warns that the continued macro softening and some winter weather has likely added some costs in March. The company’s guidance also projects that about 56% of full year earnings will be in the back half of the year and 56% of first half profits will fall in Q2, which leaves Q1 "unusually weak", the firm added.
Published first on TheFly
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