Oppenheimer analyst Scott Schneeberger maintains $United Parcel Service (UPS.US)$ with a buy rating, and adjusts the target price from $140 to $146.
According to TipRanks data, the analyst has a success rate of 61.3% and a total average return of 12.2% 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 recent quarterly report from UPS demonstrates their capability to advance productivity and enhance margins as they progress into the second year of the Teamster contract and transition into a period of reduced inflation. This performance is seen as reinforcing the belief in UPS's potential to deliver a narrative of margin improvement.
Following the company's Q3 report, estimates for Q4, 2024, and 2025 EPS were increased by 1%, 2%, and 4%, respectively. The company has adjusted its revenue forecast to $91.1B and, due to cost efficiencies, elevated its FY24 group operating margin aim to 9.6% from 9.4%.
The reduction in the price target for UPS follows the Q3 report and reflects a generally cautious or apathetic stance towards a sector where the anticipated positive change continues to be delayed.
Note:
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