United Parcel Service, Inc. (NYSE:UPS) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday. They presently have a $115.00 price target on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 7.53% from the company’s current price.
UPS has been the topic of several other research reports. Barclays PLC reaffirmed a “hold” rating and issued a $122.00 target price on shares of United Parcel Service in a report on Tuesday, January 10th. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Vetr downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $119.82 target price on the stock. in a report on Monday, January 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a report on Friday, November 25th. Finally, Deutsche Bank AG initiated coverage on shares of United Parcel Service in a report on Wednesday, November 2nd. They issued a “hold” rating and a $117.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $115.07.
Source: American Banking and Market News