UPS price target lowered to $140 from $168 at Stephens

Stephens analyst Jack Atkins lowered the firm’s price target on UPS to $140 from $168 and keeps an Equal Weight rating on the shares. Fundamentally, the back half becomes “more compelling” as cost inflation moderates and any kind of more normal peak season should enable UPS to capture pricing, but the back-end weighted second half guidance makes the setup less attractive and the firm would like to see better visibility of retained or growing market share, along with price increases, to underwrite the outlook, the analyst tells investors.