UPS resumed with an Overweight at Stephens
Stephens analyst Bascome Majors resumed coverage of UPS with an Overweight rating and $135 price target. The transport cycle is broadly improving, with more fundamental upside potential than downside risk ahead, its momentum should carry well into 2027, and "investors should capitalize rising earnings at historically elevated multiples," the firm said while resuming its transportation coverage.
Stephens analyst Bascome Majors resumed coverage of UPS with an Overweight rating and $135 price target.
The transport cycle is broadly improving, with more fundamental upside potential than downside risk ahead, its momentum should carry well into 2027, and "investors should capitalize rising earnings at historically elevated multiples," the firm said while resuming its transportation coverage.