Goldman Sachs raised the firm’s price target on UPS (UPS) to $119 from $116 and keeps a Buy rating on the shares after its Q3 earnings beat. The firm was encouraged by the domestic margin and yield performance, both of which came in better than expected, with domestic margin at 6.4% coming in ahead of 5.4% estimate and yields up almost 10% y/y that are showing some traction around cost takeout and revenue quality, the analyst tells investors in a research note.
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