Evercore ISI Group Maintains In-Line on United Parcel Service, Lowers Price Target to $179
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Jonathan Chappell has maintained an 'In-Line' rating on United Parcel Service (UPS) but lowered the price target from $185 to $179.
September 12, 2023 | 3:36 pm
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United Parcel Service's price target has been lowered from $185 to $179 by Evercore ISI Group, though the 'In-Line' rating is maintained.
The lowering of the price target by Evercore ISI Group indicates a potential decrease in the short-term value of UPS shares. However, the maintenance of the 'In-Line' rating suggests that the company is still expected to perform similarly to other companies in the market. This could lead to a slight negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100