The recent second-quarter earnings results from UPS (NYSE: UPS) weren't good and definitely set the cat among the pigeons in the Wall Street analyst community. No fewer than 11 analysts promptly cut their price targets on the stock.

Of the companies lowering price targets, is at a low of $120 while UBS is at $159 and Baird is at $160.

While it's never good news to see a price target cut, it's worth noting that Barclays' low target implies a 6% downside, while Baird's high target implies a 25% upside from the current price. Still, it's not a good idea to slavishly follow Wall Street targets, not least after the kind of earnings report the transportation company delivered.

Continue reading

Source Fool.com