Truist raised the firm’s price target on UPS (UPS) to $120 from $100 and keeps a Buy rating on the shares after the company reported a “solid” Q3 earnings beat and reinstated guidance. Cost take-out progress, improving efficiency and commentary around peak season demand reinforce the firm’s view that UPS is on track to sustain double-digit EBIT margin into 2026 and beyond, the analyst tells investors in a research note.
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