UPS price target raised to $165 from $151 at UBS

UBS analyst Thomas Wadewitz raised the firm’s price target on UPS (UPS) to $165 from $151 and keeps a Neutral rating on the shares. UPS has pointed to a partial recovery of domestic volumes which were diverted due to shipper concern regarding the Teamster contract, but based on the performance of FedEx (FDX) in their November quarter and other mixed indicators regarding transport activity during peak, UBS anticipates continuing softness in UPS’s Domestic Package volumes in Q4, the analyst tells investors in a research note.