Morgan Stanley Reiterates Underweight on United Parcel Service, Maintains $100 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker has reiterated an 'Underweight' rating on United Parcel Service (UPS) and maintained a price target of $100.
July 06, 2023 | 2:15 pm
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Morgan Stanley has reiterated an 'Underweight' rating on UPS, indicating a potential downside. The price target is maintained at $100.
The 'Underweight' rating from Morgan Stanley suggests that the firm believes UPS's stock will underperform compared to other stocks in the market. This could lead to a potential decrease in UPS's stock price in the short term. The maintained price target of $100 also indicates that the firm does not expect significant upside for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100