UPS (UPS) Stock Rallies 7% on Beat and Raise, Higher Margins Will Help Shares Says Analyst
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Loop Capital Downgrades UPS (UPS) to Hold
October 27, 2021 7:33 AM EDTLoop Capital analyst Rick Paterson downgraded UPS (NYSE: UPS) from Buy to Hold with a price target of $226.00.
The analyst commented, "Good Q3 but Downgrade to Hold on Diminished Near-Term Upside...UPS put up some good Q3 results on... More
UPS (UPS) PT Raised to $241 at Stifel
October 27, 2021 6:48 AM EDTStifel analyst J. Bruce Chan raised the price target on UPS (NYSE: UPS) to $241.00 (from $224.00) while maintaining a Buy rating.
The analyst commented, "Two weeks ago, we upgraded UPS on the basis of a strong industry backdrop, with structural capacity tightness driving yield... More
UPS profit rises ahead of peak holiday season
October 26, 2021 6:20 AM EDTBy Lisa Baertlein and Abhijith Ganapavaram
(Reuters) - United Parcel Service Inc reported better-than-expected quarterly profit and revenue on Tuesday, bolstered by strong e-commerce demand that has driven the delivery giant to raise shipping rates and cherry-pick more profitable customers.
The Atlanta-based company, which is heading into the peak holiday delivery season, raised its forecast for full-year adjusted operating margin to 13% from 12.7%.
UPS shares jumped 6.7% to $217.46 on the results, which also lifted rival FedEx 1.7%.
... MoreUPS (UPS) Tops Q3 EPS by 17c; Raises Outlook
October 26, 2021 6:03 AM EDTUPS (NYSE: UPS) reported Q3 EPS of $2.71, $0.17 better than the analyst estimate of $2.54. Revenue for the quarter came in at $23.2 billion versus the consensus estimate of $22.56 billion.
For the full year in 2021, the company is raising its consolidated adjusted operating margin target to... More
