Meanwhile, Wells Fargo called for 20% upside for Meta Platforms and raised one of its estimates for the company's ad sales.
Despite those positive trends, the new price target from KBW is still below the stock's closing level on Tuesday of $245.84.
— Jesse Pound 5:53 a.m.: Redburn Atlantic upgrades UPS UPS could be in for strong gains after a slow start to the year, according to Redburn Atlantic.
Analyst Oliver Holmes upgraded the package delivery giant to buy, raising its price target to $180.
"We believe UPS is at, or close to, trough revenue, volume, margin and share price levels," Holmes wrote to clients.
Persons:
Wells, Tesla, Gary Mobley, Wolfspeed, Mobley, Wells Fargo, — Jesse Pound, Ronald Jewsikow, Guggenheim, Jewsikow, Richard Shane, Shane, Coinbase, Keefe, Kyle Voigt, Voigt, Ken Gawrelski, Gawrelski, Oliver Holmes, Holmes, Fred Imbert, ~ ~ .
Organizations:
CNBC, Wednesday, UPS, Hyundai, Guggenheim, JPMorgan, ADV, SEC, Meta, Wall, ~$
Locations:
Wells Fargo, 4Q23 ., Tuesday's