Ahead of the Bell: Morgan Keegan upgrades UPS

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 4, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    Ahead of the Bell: Morgan Keegan upgrades UPS - Forbes

    A Morgan Keegan analyst on Wednesday boosted his rating on United Parcel Service Inc. to "Outperform," a day after the package-delivery company reported a profitable fourth quarter but warned of a difficult year ahead.

    "We believe the company remains in a solid financial position, that the competitive pricing environment is firming, and that first half of 2009 could be the cyclical bottom for transport stocks," analyst Art W. Hatfield said in a note to investors that raised his rating from "Market Perform."