United Parcel Service (UPS.US) Stellar Results Ignite Stock Price; Wall Street Analysts Rush to Raise Target Prices

Zhitong Finance APP has learned that United Parcel Service (UPS.US) shares are on track for their best weekly performance since May. This follows the courier giant's third-quarter earnings beating market expectations and its upward revision of guidance. CEO Carol Tom expects strong holiday-season demand to drive average daily package volume up about 25% quarter over quarter. Wall Street analysts subsequently raised their target prices one after another.