Barclays Downgrades United Parcel Service to Underweight, Maintains Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski has downgraded United Parcel Service (UPS) from Equal-Weight to Underweight, while maintaining the price target at $120.
October 21, 2024 | 11:14 am
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NEGATIVE IMPACT
Barclays has downgraded UPS from Equal-Weight to Underweight, indicating a less favorable view on the stock. The price target remains at $120, suggesting limited upside potential.
The downgrade from Equal-Weight to Underweight by Barclays suggests a negative outlook on UPS's stock performance. Maintaining the price target at $120 indicates that the analyst does not expect significant price appreciation. This downgrade is likely to put downward pressure on UPS's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100