Stifel Maintains Buy on United Parcel Service, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst J. Bruce Chan maintains a Buy rating on United Parcel Service (UPS) but lowers the price target from $178 to $170.

March 28, 2024 | 4:44 pm
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Stifel maintains a Buy rating on UPS but lowers the price target from $178 to $170.
The adjustment in price target by Stifel reflects a nuanced view on UPS's future performance. While the Buy rating indicates continued confidence in the company's fundamentals, the reduction in price target suggests a recalibration of expectations, possibly due to market conditions or company-specific factors not detailed in the news. This could lead to a neutral short-term impact on UPS's stock price as investors digest the implications of the adjusted price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100