Analyst Praise Sends United Parcel Service Stock Higher - Schaeffers Research
UPS sports attractively priced premiums at the moment, too
United Parcel Service, Inc. (NYSE:UPS) is up 0.9% to trade at $205.58 this morning, after the shipping giant earned an upgrade from Citigroup to "buy" from "neutral," and a price-target hike to $250 from $245. The analyst in question noted the company's strong domestic growth prospects, and that UPS is now moving to reduce risks associated with Amazon.com (AMZN) being one of its largest customers.
Analysts were evenly split towards the equity coming into today, with 10 sporting a "strong buy" rating, while the remaining 10 said "hold" or worse. Meanwhile, the 12-month consensus target price of $230.91 is a 12.6% premium to the stock's current perch.
UPS sports attractively priced premiums at the moment, too
United Parcel Service, Inc. (NYSE:UPS) is up 0.9% to trade at $205.58 this morning, after the shipping giant earned an upgrade from Citigroup to "buy" from "neutral," and a price-target hike to $250 from $245. The analyst in question noted the company's strong domestic growth prospects, and that UPS is now moving to reduce risks associated with Amazon.com (AMZN) being one of its largest customers.
Analysts were evenly split towards the equity coming into today, with 10 sporting a "strong buy" rating, while the remaining 10 said "hold" or worse. Meanwhile, the 12-month consensus target price of $230.91 is a 12.6% premium to the stock's current perch.