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UPS, ESW to Help Brands Widen Reach in International Markets

Shipping and supply chain management company United Parcel Service (NYSE: UPS), popularly known as UPS, recently revealed that it has entered into a strategic partnership with a direct-to-consumer e-commerce company, ESW, to provide ease of shipping to international consumers.

Following the news, shares of the company rose almost 2% to close at $219.55 on Monday.

With shopping outside home countries gaining momentum, this partnership between UPS and ESW will provide integrated international e-commerce and shipping capabilities for brands aiming to widen their direct-to-consumer (DTC) capacities, enabling them to effectively reach their global consumers.

The partnership will also help UPS gain access to ESW’s suite of e-commerce solutions across stores, pricing, payments and delivery. Meanwhile, ESW stands to benefit from UPS’ global transportation and customs brokerage platform for delivery.

Management Commentary

The President of Americas Region and Global Customer Solutions at UPS, Bill Seward, said, “UPS continues to innovate on behalf of customers, offering new capabilities to grow their businesses. This alliance with ESW offers UPS ecommerce customers the ability to sell and ship seamlessly around the world, with the confidence that they are delivering a great shopping experience.”

Stock Rating

On March 11, Bernstein analyst Alex Irving reiterated a Buy rating on the stock with a price target of $272, which implies upside potential of 23.9% from current levels.

The Wall Street community is cautiously optimistic about the stock and has a Moderate Buy consensus rating based on 11 Buys, eight Holds and one Sell. The UPS average price target of $241.35 implies that the stock has upside potential of 9.9% from current levels. Shares have gained 30.6% over the past year.

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