UPS (UPS) PT Lowered to $247 at Loop Capital After Conservative Analyst Day Financial Targets Create a Speedbump

June 10, 2021 8:11 AM EDT
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Price: $219.39 +7.60%

Rating Summary:
    21 Buy, 13 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 8 | New: 36
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Loop Capital analyst Rick Paterson lowered the price target on UPS (NYSE: UPS) to $247.00 (from $250.00) after management's slick and optimistic presentations failed to mesh with the subsequent conservative financial guidance that is meant to set a low bar the new team can beat. The stock was down 6% at one point before management (noticing the stock reaction) highlighted the built-in conservatism helping it end the day only down 4%.

The analyst reiterated a Buy rating, stating "we liked what we heard on Wednesday as UPS put some additional meat on the expected bones, including its laser focus on small and medium sized customers (SMBs), health care, further elevation of ESG, and the perennial application of emerging technologies.".

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Analyst Comments, Analyst EPS Change, Analyst PT Change