UPS price target raised to $165 from $160 at BMO Capital

BMO Capital raised the firm’s price target on UPS to $165 from $160 and keeps a Market Perform rating on the shares after its Investor Day presentation. The company’s three-year strategic framework places greater emphasis on leveraging the company’s best-in-class global integrated network to grow in premium segments, including healthcare logistics and SMBs, but while BMO agrees with the commercial strategy and believes that UPS is well positioned for success on this front over the long-term, its revenue targets may prove ambitious if macro conditions don’t meaningfully improve, the analyst tells investors in a research note.