Market Overview

UPDATE: Sterne Agee Reiterates Buy Rating, Lowers PT on UPS

Share:
Related UPS
UPS Access Point Network Ready To Handle More Volume In The Wake Of Labor Dispute
Is Amazon Pulling The Rug Out From Under FedEx And UPS?
After Brexit, Even Greater Demand For U.S.-Focused Stocks? (Seeking Alpha)

In a report published Wednesday, Sterne Agee Group reiterated its Buy rating on United Parcel Service (NYSE: UPS), but lowered its price target from $110.00 to $105.00.

Sterne Agee noted, “What captured media focus from the UPS earnings release was the more conservative guidance based on a 1% 2H12 US GDP outlook. Despite this, we can build a number of reasons why 2013 will be a stronger EPS year for UPS as the company ratchets down costs and acquires a strategic asset for lower cost than planned, yet grows earnings w/$5.00+ in FCF.”

United Parcel Service closed on Tuesday at $74.34.

Latest Ratings for UPS

DateFirmActionFromTo
Apr 2016CitigroupMaintainsNeutral
Feb 2016Morgan StanleyAssumesUnderweight
Feb 2016OppenheimerMaintainsOutperform

View More Analyst Ratings for UPS
View the Latest Analyst Ratings

Posted-In: Sterne Agee GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (UPS)

View Comments and Join the Discussion!