UBS has raised its rating for UPS to 'Buy' with a target price of $159, following a positive performance by the logistics company in the third quarter.
Analyst Thomas Wadewitz highlighted this turnaround in a study released on October 24, 2024, which is expected to boost the share price.
On the trading front, UPS shares closed at $138.35, showing a significant increase of 5.28% from the previous day.
The stock has traded between a high of $163.80 and a low of $123.25 over the year.
Various trading platforms reported notable gains, with prices slightly varying across exchanges, indicating strong market interest in the stock.