Deutsche Bank analyst Amit Mehrotra lowered the firm’s price target on UPS to $214 from $220 and keeps a Buy rating on the shares. The analyst views the upcoming earnings season as one of the most consequential in recent memory for transports, saying it will likely reflect "trough or near-trough results." But it’s also clear that macroeconomic risks are increasing by the day, "which may make outlooks more cloudy," the analyst tells investors in a research note. The firm thinks Q1 results will come in roughly in-line with expectations, and it still expects transportation earnings to trough in Q1 and year-on-year growth to trough in Q2.
Published first on TheFly
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