HSBC Upgrades United Parcel Service to Buy, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Parash Jain upgrades United Parcel Service (UPS) from Hold to Buy and increases the price target from $150 to $170.
April 25, 2024 | 9:40 am
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POSITIVE IMPACT
HSBC upgrades United Parcel Service to Buy and raises the price target to $170.
The upgrade from Hold to Buy by HSBC, along with a significant increase in the price target, suggests a strong bullish outlook for UPS by the analyst. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100