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UPS (UPS) Stock: $229 Price Target And Overweight RatingApr 11th, 2022 20:08 EST
- The shares of United Parcel Service, Inc. (NYSE: UPS) have received a $229 price target from JPMorgan. These are the details.
The shares of United Parcel Service, Inc. (NYSE: UPS) have received a $229 price target from JPMorgan. And JPMorgan analyst Brian Ossenbeck is maintaining an “Overweight” rating on the shares.
Ossenbeck had lowered the estimates and price targets in the transports space in general, citing truckload market conditions as being rapidly deteriorated in the back half of March. And this underscores the fragile balance of capacity additions in an overheated freight market.
Plus Ossenbeck noted that the concern lies in the limited guardrails ahead as the consumer weakens and inventory re-stocking ends.
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