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 $86 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. Stephens Reduces PT on United Parcel Service (UPS) Stock

Elsewhere, United Parcel Service, Inc. (NYSE:UPS) and American Express announced an expanded agreement to support small businesses in growing and driving commerce in their communities. Notably, both companies are rolling out new and exclusive offers to help SMBs. Amidst the busy holiday season on the cards, merchants are allowed to access exclusive savings from UPS through American Express’ Business Savings Suite. Such savings span UPS air, ground, and international shipping options and enable SMBs to save more while shipping more with UPS.

River Road Asset Management, an investment management company, released its Q4 2024 investor letter. Here is what the fund said:

“As of December 31, the portfolio held 29 positions, up four positions from Q3. During Q4, the largest sector increase was 736 bps within industrials, while the largest decrease was -276 bps within consumer discretionary. We established five new positions and eliminated one position

While we acknowledge the potential of UPS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.

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