Deutsche Bank Maintains Buy on United Parcel Service, Lowers Price Target to $179
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Amit Mehrotra maintains a Buy rating on United Parcel Service (UPS) but lowers the price target from $183 to $179.

March 28, 2024 | 6:29 pm
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NEUTRAL IMPACT
Deutsche Bank maintains a Buy rating on UPS but lowers the price target from $183 to $179.
The adjustment in price target by Deutsche Bank reflects a slight change in valuation expectations for UPS, likely due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a positive outlook on the company's performance. This could lead to a neutral short-term impact on UPS's stock price as the reduction in the price target might be offset by the continued endorsement of the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100