Oppenheimer Initiates "Outperform" Rating on UPS (UPS)

Oppenheimer Initiates “Outperform” Rating on UPS (UPS)

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Oppenheimer reported on Wednesday that it has begun coverage of package delivery company, United Parcel Service, Inc.(UPS).

The firm has initiated coverage of UPS with a “Outperform” rating and $95 price target. This price target suggests a 11.5% increase from the stock’s current price of $84.07.

Analysts have given the company its rating based on its leverage to a gradual domestic.

United Parcel Service shares were mostly flat during premarket trading Wednesday. The stock has increased 10% in the past year.

The Bottom Line
Shares of United Parcel Service, Inc.(UPS) have a 2.95% yield, based on Tuesday’s closing price of $84.07.

United Parcel Service, Inc.(UPS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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