Raymond James Maintains Strong Buy on United Parcel Service, Lowers Price Target to $175
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Patrick Tyler Brown has maintained a Strong Buy rating on United Parcel Service (UPS) but has reduced the price target from $185 to $175.

January 31, 2024 | 1:27 pm
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Raymond James analyst reaffirms a Strong Buy rating on UPS but lowers the price target to $175, indicating a potential upside but with caution.
The maintenance of a Strong Buy rating suggests that Raymond James continues to see UPS as a favorable investment. However, the reduction in the price target may reflect a slightly tempered expectation for the stock's performance in the short term. This could be due to a variety of factors such as market conditions, company performance, or industry trends that the analyst has considered. Investors may view the lowered price target as a sign of caution, but the Strong Buy rating still indicates a positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100