BUZZ-Bernstein hikes PT on UPS; shares rises
** Package delivery co United Parcel Service's UPS.N shares up 1% at $126.16, premarket
** Bernstein increases PT to $179 from $172; maintains "outperform" rating
** Given intact price discipline and ongoing restructurings, brokerage sees an improved 2025 for parcel cos, while also acknowledging potential regulatory, tariff, and geopolitical risks
** "Remain outperform on UPS as they contractually lower cost inflation which should support a steeper inflection in margins than the market is expecting" - Bernstein
** Brokerage expects co's 2025 adjusted EPS to be $7.59 vs $7.44 it expected earlier; expects adj EPS to reach $9.25 by 2026
** Wells Fargo, however, cuts PT on UPS stock to $150 from $155
** 17 of 32 brokerages rate the stock "buy" or "higher", 12 "hold" and 3 "sell"; median PT $150 - data compiled by LSEG
** Up to last close, shares down ~1% YTD
(Reporting by Rupali Chaudhary in Bengaluru)
((Rupali.Chaudhary@thomsonreuters.com))
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