Bernstein SocGen Raises UPS Target to $128, Cites Margin Gains Amid Near-Term Headwinds
Bernstein SocGen Group increased its price target for United Parcel Service Inc. (UPS) to $128 from $125 and retained an Outperform rating, citing improved margins driven by the removal of uneconomic Amazon-related costs. UPS is trading at $107.20 and sits slightly below a fair value assessment; analyst targets span $75 to $130. The firm outlined n…