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Discuss: UPS Undervalued

This is a discussion on Discuss: UPS Undervalued within the The Latest UPS Headlines forums, part of the Brown Cafe UPS Forum category; UPS Undervalued - Zacks We are continuing our Buy on United Parcel Service, Inc. ( UPS ), as the stock ...

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Old 07-23-2008, 11:28 AM   #1
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Default Discuss: UPS Undervalued

UPS Undervalued - Zacks
We are continuing our Buy on United Parcel Service, Inc. (UPS), as the stock is undervalued, but cutting our target price to $75. UPS reported second quarter EPS of $0.85, in line with earnings guidance provided on June 23. We are decreasing our EPS estimates for 2008 to $3.60 from $4.05, the midpoint of the company’s revised EPS guidance of $3.50 to $3.70, reduced from $3.90 to $4.20, and to $4.15 from $4.65 for 2009.
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