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UPS rises after raising annual profit, revenue forecasts

By Reuters News

** Shares of delivery giant United Parcel Service UPS.N up ~2% at $102.3 premarket

** Co raises FY forecast, as higher-paying international air shipments aided margin following its decision to cut millions of lower-margin deliveries for its largest customer, Amazon.com AMZN.O

** Expects FY26 adjusted profit per share of ~$7.28, compared with $7.22 it had forecast in July

** Sees annual revenue of $92.6 billion, compared with its previous projection of $91.2 billion

** Median PT of 30 brokerages covering the stock is $115 - data compiled by LSEG

** As of last close, stock up ~1% YTD

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