United Parcel Service (UPS) Stock: $221 Price Target From Deutsche Bank

By Amit Chowdhry ● Nov 30, 2021
  • The shares of United Parcel Service, Inc. (NYSE: UPS) have received a $221 price target from Deutsche Bank. These are the details.

The shares of United Parcel Service, Inc. (NYSE: UPS) have received a $221 price target from Deutsche Bank. And Deutsche Bank analyst Amit Mehrotra downgraded UPS to a “Hold” rating  from a Buy “rating” while reducing the price target from $253.

Following a 120% increase in the company shares since the upgrade to the last “Buy” rating, the stock’s risk/reward is better-balanced. Mehrotra now prefers FedEx over UPS due to FedEx’s underperformance for the year-to-date and UPS’s upcoming renegotiation with its union. And Mehrotra noted that the upcoming contract negotiation between UPS and the Teamsters has potential to be the most tumultuous since the 15-day UPS work stoppage in 1997.

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