BofA analyst Ken Hoexter raised the firm’s price target on UPS (UPS) to $99 from $95 and keeps an Underperform rating on the shares. UPS noted that peak season progressed as it expected and it targets Domestic average daily package volumes to be down about 11% year-year in Q4, better than the firm’s prior estimate of down 13%, the analyst tells investors. The firm, which increased its Q4 EPS estimate 1%, notes that it maintains its FY26 EPS estimate at $7.10 and it nudged up its multiple applied to that estimate.
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