United Parcel Service shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $160 to $175.
Portfolio Pulse from Benzinga Newsdesk
United Parcel Service (UPS) shares are experiencing an uptick following an upgrade by UBS from Neutral to Buy, along with an increase in the price target from $160 to $175.
February 06, 2024 | 5:44 pm
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POSITIVE IMPACT
UPS stock is likely to see a positive short-term impact due to UBS's upgrade from Neutral to Buy and the raised price target from $160 to $175.
Upgrades by major financial institutions like UBS often lead to increased investor confidence and can drive up the stock price in the short term. The raised price target further signals UBS's positive outlook on UPS, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100