Is UPS Stock Going to $142? 1 Wall Street Analyst Thinks So.
UPS(UPS) The Motley Fool·2024-06-27 23:43
The package delivery giant's stock came under pressure this year, but some good news from its rival is giving cause for optimism.An analyst at Evercore ISI recently lowered the price targets of UPS (UPS -1.42%) and FedEx (FDX -1.70%) ahead of the latter's fourth-quarter 2024 earnings report. Evercore's earnings estimates for both companies decreased over concerns about declining domestic demand.FedEx's recent earnings are now in. Given what was reported, does Evercore's price target cut from $157 to $142 fo ...