Tuesday, 02 January 2024 12:17 GMT

UPS Stock Buzzes With 200% Spike In Retail Chatter On Stocktwits: Retail Eyes Earnings For Tariff Fallout Clues


(MENAFN- AsiaNet News)

United Parcel Service (UPS) stock saw a nearly 200% increase in retail message count on Stocktwits over the last 24 hours, following Bank of America's revision of its rating on the stock. 

On Thursday, Bank of America downgraded the stock to 'Underperform' from 'Neutral' and revised its price target to $83 from $91, noting that it accounts for increased pressure on volume and costs following the end of U.S. de minimis exemptions.

Stocktwits users noted that the company's earnings would provide crucial insights into how hard the Trump administration's tariffs have impacted it. 

The company is expected to report its third-quarter results before the opening bell on October 28. 

Get updates to this developing story <directly on Stocktwits.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

MENAFN12092025007385015968ID1110053597

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Search