Evercore ISI analyst Jonathan Chappell raised the firm’s price target on UPS (UPS) to $141 from $138 and keeps an In Line rating on the shares. In final preview for UPS Q3 EPS to be released this Thursday morning, the firm cites slightly softer U.S. Domestic volumes and a larger revision to its International volume growth forecast for lowering its Q3 and Q4 EPS estimates. The firm lowered its Q3 EPS view to $1.58 from $1.60, its Q4 EPS view to $2.57 from $2.74 and its FY25 EPS projection to $8.81 from $9.20, the analyst noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPS:
- UPS price target lowered to $172 from $184 at Bernstein
- UPS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Boeing machinists announce proposal to end strike: Morning Buzz
- Options Volatility and Implied Earnings Moves This Week, October 21 – October 25, 2024
- UPS downgraded to Underweight from Equal Weight at Barclays