Baird analyst Garrett Holland downgraded UPS stock to Hold from Buy. He cut his price target to $130 a share from $160.
Gift Nifty was trading around 23,441 level, a premium of nearly 23 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
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UNITED Parcel Service (UPS) suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer. Read more at The Business Times.