Wells Fargo raised the firm’s price target on UPS to $142 from $134 and keeps an Overweight rating on the shares. Ahead of Q3 earnings, the firm is adjusting its estimates modestly for Q4, while maintaining its Q3 outlook. Wells also notes that Q3 appears to have trended favorably for UPS and with multiple pricing actions and volume growth, there seems to be a path to full-year guidance.
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