UPS price target raised to $185 from $175 at BMO Capital

BMO Capital analyst Fadi Chamoun raised the firm’s price target on UPS to $185 from $175 but keeps a Market Perform rating on the shares after its Q4 earnings beat. The analyst is "encouraged" by the company’s steady execution and productivity improvements that set the stage for a strong performance once demand recovers. The firm adds however that there are several challenges, including sustained demand headwinds into the first half of 2023 as well as a limited visibility into a recovery.