UPS 2Q18 Revenue Up 9.6% On Strong Growth and Pricing

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UPS (UPS) PT Raised to $129 at Oppenheimer

July 26, 2018 9:33 AM EDT

Oppenheimer raised its price target on UPS (NYSE: UPS) to $129.00 (from $126.00) while maintaining a Outperform rating.

Analyst Scott Schneeberger commented, "2Q18 adjusted EPS of $1.94 (+23% y/y) exceeded our estimate/consensus of $1.92/$1.93, respectively. 2Q18 revenue grew 9.6% y/y proforma (accounting changes) and exceeded... More