Analysts Adjust Price Targets for United Parcel Service Following Q3 Earnings

Following UPS’s third-quarter results and an upward revision to its annual guidance, several analysts raised their price targets. Citigroup increased its target to $131 from $122, UBS to $125 from $124 while maintaining a Buy rating, Oppenheimer to $119 from $117 with an Outperform rating, and Evercore ISI to $118 from $107. The changes followed stronger-than-expected quarterly performance and an improved outlook.