In Addition to Upgrade from Barclays, Traders in UPS Responding to Bernstein Note Calling Cos. Operations 'Best in Class'

Bernstein's David Vernon boosted his price target on UPS

from $96 to $98 and maintained an Outperform rating. The analyst noted "increased conviction on outlook for better domestic margins, higher returns on invested capital." Vernon cited his "deeper dive into the technologies the company is using to drive productivity in courier operations." Barclays' Brandon Oglenski earlier upgraded the stock from Equalweight to Overweight and raised his price target from $88 to $106. Shares of UPS are up 1.6 percent to $90.03 at last check.