Jefferies Downgrades UPS (UPS) to Hold
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Price: $105.14 +2.36%
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 4 | New: 2
Rating Summary:
18 Buy, 21 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 4 | New: 2
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Jefferies downgraded UPS (NYSE: UPS) from Buy to Hold with a price target of $81 (down from $84).
The firm comments, "We downgraded UPS after a 19% move off the October 3 lows. We believe our call from mid-October — that U.S. freight flows had started to strengthen and that investors should increase risk exposure to our stocks — has become the consensus view. Moreover, our short-cycle indicators recently turned negative."
For an analyst ratings summary and ratings history on UPS click here. For more ratings news on UPS click here.
Shares of UPS closed at $74.16 yesterday.
The firm comments, "We downgraded UPS after a 19% move off the October 3 lows. We believe our call from mid-October — that U.S. freight flows had started to strengthen and that investors should increase risk exposure to our stocks — has become the consensus view. Moreover, our short-cycle indicators recently turned negative."
For an analyst ratings summary and ratings history on UPS click here. For more ratings news on UPS click here.
Shares of UPS closed at $74.16 yesterday.
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