Goldman Sachs Maintains Buy on United Parcel Service, Lowers Price Target to $162
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Matt Reustle maintains a Buy rating on United Parcel Service (UPS) but lowers the price target from $165 to $162.
October 09, 2024 | 5:15 pm
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Goldman Sachs has reaffirmed its Buy rating for UPS, though it slightly reduced the price target from $165 to $162, indicating a modest adjustment in expectations.
The reaffirmation of the Buy rating suggests continued confidence in UPS's performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100