Credit Suisse Downgrades United Parcel Service to Neutral, Raises Price Target to $204
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Ariel Rosa has downgraded United Parcel Service (UPS) from Outperform to Neutral, while raising the price target from $200 to $204.

July 31, 2023 | 10:56 am
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United Parcel Service has been downgraded to Neutral from Outperform by Credit Suisse, with a raised price target of $204.
The downgrade from Outperform to Neutral suggests that Credit Suisse sees less upside potential for UPS, which could lead to a slowdown in buying pressure. However, the raised price target indicates that the analyst still sees some potential for price appreciation, which could provide some support for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100