B of A Securities Maintains Neutral on United Parcel Service, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ken Hoexter maintains a Neutral rating on United Parcel Service (UPS) but raises the price target from $132 to $150.
October 25, 2024 | 5:13 pm
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POSITIVE IMPACT
B of A Securities has maintained a Neutral rating on UPS but increased the price target from $132 to $150, indicating a more optimistic outlook.
The increase in the price target from $132 to $150 suggests a more positive outlook on UPS's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong buy or sell opportunity, which tempers the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100