United Parcel Service, Inc. (NYSE:UPS) was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Market Beat reports. They presently have a $98.71 price objective on the stock. Vetr‘s price target indicates a potential downside of 5.98% from the company’s current price.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, January 11th. Morgan Stanley lowered shares of United Parcel Service from an “equal weight” rating to an “underweight” rating and set a $88.00 price target for the company. in a research report on Tuesday, February 23rd. Deutsche Bank restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, February 10th. Oppenheimer decreased their price objective on shares of United Parcel Service from $112.00 to $109.00 and set an “outperform” rating for the company in a research note on Wednesday, February 3rd. Finally, William Blair reiterated an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, February 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $108.23.
Source: American Banking and Market News