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Stephens Reduces PT on United Parcel Service (UPS) Stock

United Parcel Service, Inc. (NYSE:UPS) is one of the Best Beaten Down Stocks to Buy According to Hedge Funds. On October 14, Stephens analyst Reed Seay reduced the price target on the company’s stock to 86from86 from 92, while keeping an “Equal Weight” rating, as reported by The Fly. The analyst highlighted that United Parcel Service, Inc. (NYSE:UPS) has been winding down its volumes from Amazon. Furthermore, the analyst expects continued pressure among SMBs and B2B customers because of the macro headwinds. S ...