Evercore analyst Jonathan Chappell maintains $United Parcel Service (UPS.US)$ with a hold rating, and maintains the target price at $141.
According to TipRanks data, the analyst has a success rate of 64.3% and a total average return of 18.6% 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:
UPS's third-quarter performance demonstrates their ability to enhance productivity and margins as they progress into the second year of the Teamster contract and a period of reduced inflation. The third-quarter report is likely to reinforce the belief in UPS's potential for margin improvement.
After evaluating UPS's Q3 report, the analyst adjusted EPS estimates for Q4, 2024, and 2025 slightly upward. The company's revision of its revenue forecast to $91.1B, coupled with an enhanced FY24 group operating margin target, now standing at 9.6%, is a reflection of its effective cost management.
The firm's adjustment of UPS's price target follows the Q3 report, with the post-earnings selloff attributed to what is described as a generally cautious or apathetic stance towards a sector awaiting a significant turning point that seems to be continuously delayed.
Note:
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