Oppenheimer Initiates “Outperform” Rating on UPS (UPS)
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.
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