UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on UPS

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on United Parcel Service

, and raised its price target from $80.00 to $82.00. Jefferies noted, “UPS reported an inline 3Q on capacity actions and improved margins in International. Mgmt guided up 4Q as performance visibility improves. The fading macro backdrop makes it difficult to climb onboard. Reiterate Hold.” United Parcel Service closed on Tuesday at $73.73.