Wells Fargo analyst Christian Wetherbee maintains $United Parcel Service (UPS.US)$ with a buy rating, and adjusts the target price from $134 to $142.
According to TipRanks data, the analyst has a success rate of 60.5% and a total average return of 12.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $United Parcel Service (UPS.US)$'s main analysts recently are as follows:
The firm has modestly reduced its third-quarter earnings per share (EPS) estimate to $1.58 from $1.60 and has adjusted its fourth-quarter EPS forecast to $2.46 from $2.64 due to tempered projections for domestic volume and yield growth.
Ahead of Q3 earnings, estimates have been modestly adjusted for Q4, while Q3 projections remain unchanged. Observations suggest that Q3 has trended favorably for UPS with the implementation of several pricing actions and volume growth, indicating a possible achievement of full-year guidance.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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