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On Thursday, Bernstein analysts maintained their positive stance on UPS (NYSE:UPS) shares, reiterating an Outperform rating and a price target of $133.00. The stock, currently trading near its 52-week low at $96.74, appears undervalued according to InvestingPro analysis. The firm’s commentary followed insights from the 41st annual Strategic Decisions Conference, where UPS CEO Carol Tomé outlined the company’s current position and future plans.
Tomé emphasized that UPS is perceived as a "show-me" story, indicating that while investors understand the company’s strategies, they are awaiting tangible results. This sentiment is reflected in recent market activity, with the stock declining over 26% in the past six months and 19 analysts revising their earnings expectations downward, according to InvestingPro data. She pointed out that there is no substantial pushback on UPS’s initiatives such as the planned volume rationalization with Amazon (NASDAQ:AMZN), which aims to reduce volumes by 50% by June 2026, and the potential benefits from increased automation.
The CEO also highlighted UPS’s aggressive cost reduction target, aiming to save $3.5 billion this year. Additionally, she expressed confidence in the company’s prospects for growth in the small package segment. According to Tomé, consistent performance and delivery on financial targets in the coming quarters are key to rebuilding investor confidence and driving the stock price upward.
Bernstein’s analysis suggests that UPS’s strategic moves are well-understood in the market, but the proof of success will come from the company’s ability to meet its financial goals consistently. The reiterated price target reflects the firm’s belief in UPS’s potential to execute its plans effectively and deliver the expected results.
In other recent news, United Parcel Service (UPS) announced a regular quarterly dividend of $1.64 per share for its Class A and Class B shares, continuing its long-standing policy of shareholder returns. This decision reflects UPS’s commitment to maintaining or increasing its dividend, emphasizing the company’s financial health and dedication to delivering value to shareholders. HSBC analysts have downgraded UPS stock from Buy to Hold, reducing the price target to $105 from the previous $140, citing anticipated declines in volumes, pricing, and margins. Stifel analysts have also adjusted their price target for UPS to $124 from $145 but maintained a Buy rating, acknowledging the company’s ability to surpass Wall Street’s earnings expectations despite economic challenges. Loop Capital revised its price target for UPS to $105 from $115, maintaining a Hold rating due to a decline in demand and uncertainties in China affecting customers’ planning processes.
Additionally, at UPS’s recent Annual Meeting of Shareholders, twelve directors were elected, executive compensation was approved, and Deloitte & Touche LLP was ratified as the independent registered public accounting firm for 2025. However, two shareholder proposals, including one to reduce the voting power of UPS class A stock, were not approved. These outcomes suggest shareholder confidence in the current management and strategic direction. These developments indicate ongoing strategic adjustments and responses to external economic factors impacting UPS’s operations and financial outlook.
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