Bernstein Remains a Buy on United Parcel (UPS)
Bernstein analyst David Vernon maintained a Buy rating on United Parcel (UPS – Research Report) today and set a price target of $179.00. The company's shares closed yesterday at $98.67.
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According to TipRanks, Vernon is a 3-star analyst with an average return of 2.4% and a 46.58% success rate. Vernon covers the Industrials sector, focusing on stocks such as Southwest Airlines, United Airlines Holdings, and Delta Air Lines.
In addition to Bernstein, United Parcel also received a Buy from Raymond James's Patrick Brown in a report issued on April 8. However, on April 7, Morgan Stanley maintained a Sell rating on United Parcel (NYSE: UPS).
Based on United Parcel's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $25.3 billion and a net profit of $1.72 billion. In comparison, last year the company earned a revenue of $24.92 billion and had a net profit of $1.61 billion
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