United Parcel Service (NYSE:UPS) Trading Down 0.3% After Analyst Downgrade

Category: Finance

United Parcel Service's share price decreased by 0.3% following a price target reduction by Bank of America. The stock has seen a significant decline in trading volume and various analysts have issued mixed ratings, with a consensus target price of $164.45. UPS reported earnings of $1.43 per share, slightly above expectations, but revenue fell 5.3% year-over-year. The company also declared a quarterly dividend of $1.63 per share.

Keywords: United Parcel Service, stock price, earnings report

Source: Defense World

Update At: 7/23/2024

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