UBS slightly lowered its third and fourth-quarter earnings per share estimates for United Parcel Service (UPS). The third-quarter estimate now stands at $1.63. The fourth-quarter estimate is $2.70. The firm closely monitors UPS's U.S. domestic margins. These margins are a key factor in its earnings outlook.
UBS maintained its "Buy" rating for UPS stock. It also kept a $124 price target. The bank's positive long-term view relies on potential improvements in these domestic margins. Overall analyst sentiment remains generally positive. The stock holds a consensus "Buy" rating.