UPS Undervalued

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 23, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    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.