Loop Capital cuts UPS stock price target to $115 from $120
Loop Capital Markets adjusted their price target on shares of United Parcel Service (NYSE:UPS), reducing it to $115 from the previous $120, while maintaining a Hold rating on the company's stock. The ...
UPS plunged after saying it would deliver fewer Amazon packages. Its CEO says it's about 'taking control of our destiny.'
UPS said it was cutting its business with Amazon in half by the middle of next year because of profitability concerns. Shares plunged.