Barclays lowered the firm’s price target on UPS (UPS) to $90 from $100 and keeps an Underweight rating on the shares. The firm says that while questioning the dividend at UPS “is controversial,” it views the company as needing margin improvement into a declining volume environment in the core time-definite Domestic Package business. It suspects this will prove more challenging than management guidance currently suggests. Barclays views UPS’s dividend yield as “less safe.”
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