'Steady Stream' Of Positive News Expected From UPS, KeyBanc Says In Upgrade - MSN
While United Parcel Service, Inc’s prospects are limited in the near term, favorable commentary on long-term objectives is expected in early 2021, according to KeyBanc Capital Markets.
The UPS Analyst: Todd Fowler upgraded United Parcel Service from Sector Weight to Overweight with an unchanged $190 price target.
The UPS Thesis: New CEO Carol Tomé has a retail background, is “uniquely positioned to understand supply-chain considerations” and is likely reviewing less profitable contracts, Fowler said in the Monday upgrade note.
While United Parcel Service, Inc’s prospects are limited in the near term, favorable commentary on long-term objectives is expected in early 2021, according to KeyBanc Capital Markets.
The UPS Analyst: Todd Fowler upgraded United Parcel Service from Sector Weight to Overweight with an unchanged $190 price target.
The UPS Thesis: New CEO Carol Tomé has a retail background, is “uniquely positioned to understand supply-chain considerations” and is likely reviewing less profitable contracts, Fowler said in the Monday upgrade note.
