Deal Dispatch: Jack In The Box To Dump Del Taco, Fyre Brand Hits Auction Block, Bertucci's Bites Bankruptcy Bullet (Again)
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Jack in the Box and Del Taco: Jack in the Box is considering selling Del Taco, which it acquired for $585 million two years ago, potentially fetching around $200 million. The company plans to close 150 to 200 underperforming restaurants as part of a restructuring effort.
Corporate Acquisitions and Bankruptcy: UPS is acquiring Andlauer Healthcare Group for $1.6 billion, while Kimberly-Clark is short-listing bidders for its tissue unit valued at $4 billion. Meanwhile, Bertucci's is filing for Chapter 11 bankruptcy for the third time since 2018, citing struggles in the dining sector.
Analyst Views on UPS
Wall Street analysts forecast UPS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for UPS is 107.06 USD with a low forecast of 80.00 USD and a high forecast of 126.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
9 Buy
9 Hold
1 Sell
Moderate Buy
Current: 109.300
Low
80.00
Averages
107.06
High
126.00
Current: 109.300
Low
80.00
Averages
107.06
High
126.00
About UPS
United Parcel Service, Inc. provides a range of integrated logistics solutions for customers in more than 200 countries and territories. Its U.S. Domestic Package segment offers a range of United States domestic air and ground package transportation services. Its air portfolio offers time-definite, same-day, next-day, two-day and three-day delivery alternatives as well as air cargo services. Its ground network enables customers to ship using its day-definite ground service. UPS SurePost provides residential ground service for customers with non-urgent, lightweight residential shipments. Its International Package segment consists of small package operations in Europe, Indian sub-continent, Middle East and Africa, Canada and Latin America and Asia. It offers a selection of guaranteed day- and time-definite international shipping services. Its supply chain solutions consist of forwarding, logistics, customized third-party logistics and specialized cold chain transportation solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
