UBS Downgrades United Parcel Service to Neutral, Lowers Price Target to $185
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Thomas Wadewitz has downgraded United Parcel Service (UPS) from Buy to Neutral and lowered the price target from $198 to $185.

August 09, 2023 | 12:23 pm
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UBS has downgraded UPS from Buy to Neutral and lowered the price target from $198 to $185.
The downgrade from UBS, a major financial institution, could negatively impact investor sentiment towards UPS, potentially leading to a decrease in its stock price. The lowering of the price target further suggests that UBS sees less upside potential in UPS's stock, which could also negatively affect its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100