UPS returns to profit, revenue growth ahead of crucial holidays; shares jump
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Barclays Reiterates Underweight Rating on UPS (UPS)
October 25, 2024 5:17 AM EDTBarclays analyst Brandon Oglenski reiterated an Underweight rating and $120.00 price target on UPS (NYSE: UPS).
The analyst comments "Where we stand. UPS delivered a much better third quarter than prior management guidance suggested, with core Domestic margins coming in well ahead of our estimates. Ground volumes in the US business came in roughly 2% ahead of our forecast (+9% y-o-y), likely supporting the better profitability outcome in the business. Startup costs for the new USPS Priority Mail contract created some headwind in the smallest... More
Evercore ISI Reiterates In Line Rating on UPS (UPS)
October 24, 2024 1:49 PM EDTEvercore ISI analyst Jonathan Chappell reiterated an In Line rating and $141.00 price target on UPS (NYSE: UPS).
The analyst comments "UPS posted 3Q24 adjusted EPS of $1.76, beating our estimate of $1.58 and the average Street forecast of $1.63, driven primarily by cost-led upside to the U.S. Domestic margin (see full quarterly details in our First Look here). UPSs cost and productivity initiatives (Fit to... More
