Citi Lifts PT on United Parcel Service (UPS) to $127 from $122, Keeps Buy Rating

United Parcel Service, Inc. (NYSE:UPS) is one of the 10 Cheap Large Cap Stocks to Buy According to Hedge FundsOn July 9, Citi analyst Ariel Rosa maintained a Buy rating on United Parcel Service, Inc. (NYSE:UPS), raising the price target to $127 from $122.

Is United Parcel Service, Inc. (UPS) the Best Dividend Growth Stock with High Yields?

A warehouse filled with boxes of parcels, symbolizing the companies reliable logistics services.

The analyst told investors that Citi sees balanced risk/rewards associated with transport stocks as the market heads into fiscal Q2 reports, with a backdrop of macro uncertainty and “still-soft” demand.

The firm also stated that it is “less enthusiastic” about the sector as compared to its sentiments three months ago, primarily due to the recent rally in the shares.

United Parcel Service, Inc. (NYSE:UPS) is a parcel delivery company that provides global supply chain management solutions. The company’s operations are divided into the following segments: US Domestic Package, International Package, and Supply Chain Solutions.

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