UPS price target raised to $195 from $187 at Cowen

Cowen analyst Helane Becker raised the firm’s price target on UPS to $195 from $187 and keeps a Market Perform rating on the shares. The analyst said management expects a tougher 1H 2023 with recovery in 2H as they navigate declining volumes. UPS continues to shift away from low margin B2C business to higher margin B2B and healthcare solutions business which should offer more growth opportunities.