BofA upgraded UPS (UPS) to Buy from Neutral with an unchanged price target of $150. The firm sees a potential end to the freight recession in 2025 and also cites benefits from the company’s dynamic pricing model and cost initiatives. The firm believes gains from these factors will offset potential volume losses as UPS insources the remainder of the SurePost last mile volumes from the USPS as well as continued Amazon (AMZN) glide down, the analyst tells investors.
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