UPS profit tops expectations as cost-cuts deliver margin

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Go back to UPS profit tops expectations as cost-cuts deliver margin

UPS (UPS) PT Raised to $160 at BofA Securities

April 24, 2024 5:34 AM EDT

BofA Securities analyst Ken Hoexter raised the price target on UPS (NYSE: UPS) to $160.00 (from $157.00) while maintaining a Neutral rating.

The analyst comments "UPS posted 1Q24 adj. EPS of $1.43, down 35% year-year, yet above our $1.24 target and Streets $1.30. Core 1Q24 results exceeded UPS lowered 1Q outlook provided at its March 26 Analyst Day, as it posted adj operating income of... More