(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) 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. 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." "Despite share loss to Amazon Logistics and Walmart Fulfillment Services and mix headwinds from direct-from-China mega e-tailers Temu and Shein, UPS is positioned to benefit from the end of the freight recession and start of the next upcycle, driving more profitable volumes," the analyst said. -- Fred Imbert 5:50 a.m.: Jefferies opens coverage on Reddit with Street-high price target Reddit's advertising and data licensing opportunities brought Jefferies to the bull camp. Analyst John Colantuoni initiated coverage of the social media platform at a buy rating. Colantuoni set a $90 price target, which implies shares can rise 27.2% from Tuesday's close. That $90 price target appears to be the highest on Wall Street, according to LSEG. Colantuoni said $65 of it is tied to the advertising business, while the remaining $25 comes from data licensing. The analyst said EBITDA should more than double over the next two years to around $450 million, coming in above consensus. That will be driven by high growth in users and a closing monetization gap when compared to peers. Colantuoni also pointed to the potential for more high-margin licensing deals. Those will come, he said, as Reddit's database of content gains value due to generative artificial intelligence. Shares rose more than 1% before the bell on Wednesday, The stock debuted on the market in March through an initial public offering priced at $34 per share. -- Alex Harring