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Vetr Crowd Delivers An Upgrade After UPS Ships Underwhelming Earnings

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On Wednesday, the Vetr crowd upgraded their rating for United Parcel Service, Inc. (NYSE: UPS) from 3 stars (Hold), issued eight days ago, to 4 stars (Buy). Crowd sentiment for the stock was unanimously positive, with 100 percent of Vetr user ratings bullish.

UPS posted its quarterly earnings before the market opened on Tuesday. The report showed the company fell short of analysts estimates on both EPS and revenue for the tail end of 2016. That same day, analysts with BMO Capital downgraded UPS from Outperform to Market Perform.

In response to the report, shares of the package delivery company took a 11.7 percent dip to a low of $103.29 from its Monday closing price of $117. The stock gained a little ground near the end of Wednesday's session, finishing the day around $105.35.

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Currently, the Vetr crowd's average target price for the stock is up at $117.40, which is just below the average analyst target price of $118.08. Less than 2 percent of Vetr users are holding UPS in their watch lists.

Latest Ratings for UPS

DateFirmActionFromTo
Sep 2019ReiteratesBuy
Jul 2019DowngradesBuyHold
Jul 2019MaintainsNeutral

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Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings

 

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