UPS Reports Quarterly EPS Beat as Some Analysts Upgrade Ratings
Institutional investors increased holdings in United Parcel Service during the quarter, including Ferguson Wellman Capital Management and Brighton Jones LLC. UPS reported quarterly EPS of $1.76, beating the $1.65 consensus. The stock was down about 0.3%, while analysts adjusted views—Oppenheimer raised its price objective and rating, and Weiss upgraded UPS to a hold.