Daiwa Capital Downgrades United Parcel Service to Neutral, Announces $155 Price Target
Portfolio Pulse from Benzinga Newsdesk
Daiwa Capital analyst Jairam Nathan downgraded United Parcel Service (UPS) from Outperform to Neutral and set a price target of $155.
December 26, 2023 | 9:32 am
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NEGATIVE IMPACT
Daiwa Capital downgraded UPS from Outperform to Neutral and set a price target of $155.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $155 may also influence market expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100