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<blockquote data-quote="moreluck" data-source="post: 54619"><p>United Parcel Service initiated with "buy"</p><p>Friday, June 17, 2005 10:16:40 AM ET</p><p>BB&amp;T Capital Markets</p><p>NEW YORK, June 17 - Analysts at BB&amp;T Capital Markets </p><p>initiate coverage of United Parcel Service Inc (UPS.NYS) with a "buy" rating. The </p><p>12-month target price is set to $85.</p><p></p><p>In a research note published this morning, the analysts mention that the </p><p>company has one of the most robust balance sheets and greatest ability to generate </p><p>cash flows among the companies in the S&amp;P500 list. United Parcel Service's </p><p>revenue results in the next two-to-three years are expected to be driven by the </p><p>company's acquisition of Overnite Transportation and the synergies from the </p><p>integration of Menlo, the analysts say.</p></blockquote><p></p>
[QUOTE="moreluck, post: 54619"] United Parcel Service initiated with "buy" Friday, June 17, 2005 10:16:40 AM ET BB&T Capital Markets NEW YORK, June 17 - Analysts at BB&T Capital Markets initiate coverage of United Parcel Service Inc (UPS.NYS) with a "buy" rating. The 12-month target price is set to $85. In a research note published this morning, the analysts mention that the company has one of the most robust balance sheets and greatest ability to generate cash flows among the companies in the S&P500 list. United Parcel Service's revenue results in the next two-to-three years are expected to be driven by the company's acquisition of Overnite Transportation and the synergies from the integration of Menlo, the analysts say. [/QUOTE]
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