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United Parcel Receives a Hold from Credit Suisse


Credit Suisse analyst Allison Landry maintained a Hold rating on United Parcel (NYSE: UPS) on July 12 and set a price target of $114. The company’s shares closed yesterday at $108.97.

According to TipRanks.com, Landry is a 5-star analyst with an average return of 13.0% and a 68.3% success rate. Landry covers the Services sector, focusing on stocks such as Kansas City Southern, Old Dominion Freight, and Landstar System Inc.

Currently, the analyst consensus on United Parcel is a Moderate Buy with an average price target of $129.50.

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Based on United Parcel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $17.16 billion and net profit of $1.35 billion. In comparison, last year the company earned revenue of $15.74 billion and had a net profit of $1.38 billion.

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United Parcel Service, Inc. is a logistics and package delivery company, which provides supply chain management services. Its logistics services include transportation, distribution, contract logistics, ground freight, ocean freight, air freight, customs brokerage, insurance, and financing.