Oppenheimer analyst Scott Schneeberger lowered the firm’s price target on UPS to $184 from $195 and keeps an Outperform rating on the shares. The firm notes UPS recently shared incremental details relating to its updated labor contract and the expected quarterly cadence of its second half of 2023 adjusted operating income. The company indicated Q3 operating income should represent 1/3rd of the second half of 2023 adjusted operating income.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on UPS: