Market Overview

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

Related UPS
United Parcel Service, Inc. Shares Follow FedEx Corporation Shares Higher On FedEx Earnings Beat
Fast Money Halftime Report Final Trade From September 16
Market Watch: UPS Data Breach, Car Recalls and Welfare Stats (Fox Business)

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
Jul 2014BarclaysMaintainsOverweight
Jul 2014CitigroupMaintainsNeutral
Jul 2014Credit SuisseMaintainsOutperform

View More Analyst Ratings for UPS
View the Latest Analyst Ratings

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

 

Related Articles (UPS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters