TD Cowen analyst Jason Seidl has reiterated their neutral stance on UPS stock, giving a Hold rating today.
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Jason Seidl has given his Hold rating due to a combination of factors that reflect both positive and cautious outlooks for United Parcel Service (UPS). The company exceeded expectations in the third quarter, with impressive cost reductions and a solid performance in domestic operations. However, despite these positive results, there are underlying challenges that temper the overall outlook.
While UPS is optimistic about the upcoming peak season and has made significant strides in automation and cost management, there are concerns about the impact of the Amazon business reduction and pressure on small and medium-sized businesses. The anticipated seasonal surge and yield management efforts are expected to support the company’s performance, but the broader market dynamics and competitive pressures suggest a balanced approach, leading to the Hold rating.
In another report released today, Evercore ISI also maintained a Hold rating on the stock with a $92.00 price target.