Wednesday's analyst calls: UPS is a buy, Reddit set to jump more than 25%

A delivery giant and a social media company were among the stocks being talked about by analysts on Wednesday.

Citi initiated UPS with a buy rating, citing an attractive valuation. Meanwhile, Jefferies began coverage of Reddit with a buy rating and a price target of $90. Check out the latest calls and chatter below. All times ET. 6:01 a.m.: Deutsche Bank commences coverage on NYT shares The New York Times stands out among media stocks, according to Deutsche Bank. Analyst Benjamin Soff initiated coverage of a buy rating and $65 price target. Soff's target reflects the potential for shares to add 9.

mountain RBLX in 2024 — Alex Harring 5:50 a.m.: Citi says UPS is a buy Buy the dip on UPS shares, according to Citi. Analyst Ariel Rosa initiated the delivery giant with a buy rating and a price target of $162. That implies upside of 23%. UPS has struggled in 2024, losing 16.7%. UPS YTD mountain UPS year to date However, Rosa said the stock is now "attractively priced given that it is trading at the lower end of its historical forward P/E average.

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