UPS (UPS) Files Mixed Shelf
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UPS Earns a Street-Low Price Target on FedEx-like Reset, Amazon Risks
October 3, 2022 9:21 AM EDTMorgan Stanley analyst Ravi Shanker slashed the price target on United Parcel Service (NYSE: UPS) to $100 per share (from $148), the lowest on the Street alongside Barclays.
The lowered price target reflects slashed EPS estimates for 2023 and 2024, which now sit below consensus as much as 25% and 35%, respectively. This is because Morgan Stanley analysts project a larger mean reversion to pre-pandemic levels than... More
