UPS price target raised to $110 from $109 at Stifel

Stifel raised the firm’s price target on UPS (UPS) to $110 from $109 and keeps a Buy rating on the shares. Guidance for Q4 EPS at $2.25 at the midpoint was about 10% above current consensus estimates, notes the analyst, who thinks this quarter’s results “should help restore credibility in transformation execution and dividend policy sustainability” although “there’s still work to do.”