RESEARCH ALERT-JP Morgan raises UPS to overweight

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 9, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    RESEARCH ALERT-JP Morgan raises UPS to overweight - Reuters

    J.P. Morgan Securities upgraded United Parcel Service Inc to "overweight" from "neutral," saying there was a significant upside potential for the stock as it does not fully reflect anticipation of a turn in the economy.

    "UPS stock has lagged too much, and the stock does not reflect the boost a turn in the U.S. economy would provide to UPS earnings performance and to the stock," analyst Thomas Wadewitz wrote in a note to clients.