Barclays Maintains Equal-Weight on United Parcel Service, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has maintained an Equal-Weight rating on United Parcel Service (UPS) but reduced the price target from $150 to $145.
January 31, 2024 | 11:14 am
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Barclays has maintained an Equal-Weight rating on UPS and lowered the price target from $150 to $145, indicating a potential limited upside or downside.
The adjustment of the price target by Barclays reflects a modest change in the expected performance of UPS. The maintenance of an Equal-Weight rating suggests that the analyst sees the stock as fairly valued at its current price, with the lowered price target indicating a slightly reduced expectation for future price appreciation. This news is likely to have a neutral short-term impact on UPS's stock price as it does not suggest a significant change in the company's fundamentals or outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100