1 Wall Street Analyst Thinks UPS Stock Is Going to $142. Is It a Buy?

The company's upcoming report could be an eventful one.A Wells Fargo analyst recently cheered UPS (UPS 1.24%) investors by raising the price target on the stock to $142 from $134 and maintaining an overweight rating. It's a mark of confidence in the company ahead of its third-quarter earnings report on Oct. 24. For reference, the analyst maintained the outlook for UPS' third quarter.Is the optimism justified?The analyst's viewpoint on Q3 is interesting because UPS' rival FedEx announced its first-quarter 20 ...