TD Cowen Raises UPS Price Target to $115, Cites Improving Margins and Network Execution
TD Cowen increased its price target for United Parcel Service to $115 from $101 and kept a Hold rating, pointing to better margin dynamics and network performance that offset expected softness in the first half of fiscal 2026. The firm adjusted its 2026 EPS estimate to $7.15, introduced a 2027 EPS view of $7.95, and lifted its valuation multiple as…