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<blockquote data-quote="moreluck" data-source="post: 254577" data-attributes="member: 1246"><p><strong>S&P REITERATES BUY OPINION ON SHARES OF UNITED PARCEL SERVICE</strong></p><p></p><p></p><p><a href="http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?symbol=UPS" target="_blank"><u><span style="color: #007cd5">UPS</span></u></a>; $76.54 </p><p>Chairman and CEO <a href="http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=238582&symbol=UPS" target="_blank"><u><span style="color: #007cd5">Mike Eskew</span></u></a> is stepping down at the end of 2007, to be replaced by CFO <a href="http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=556914&symbol=UPS" target="_blank"><u><span style="color: #007cd5">Scott Davis</span></u></a>. We would categorize the news as a mild surprise, but think there will be a smooth transition, and think Davis is a good choice. Under Eskew, UPS showed strong growth in revenues and earnings while overcoming missteps related to a shortfall in volumes during the 2005 holiday season and a salesforce reorganization in 2006. We liked Mr. Eskew's candor and communication style and expect this to continue under Mr. Davis's leadership. We maintain our 12-month target price at $89. /J. Corridore</p></blockquote><p></p>
[QUOTE="moreluck, post: 254577, member: 1246"] [B]S&P REITERATES BUY OPINION ON SHARES OF UNITED PARCEL SERVICE[/B] [URL="http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?symbol=UPS"][U][COLOR=#007cd5]UPS[/COLOR][/U][/URL]; $76.54 Chairman and CEO [URL="http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=238582&symbol=UPS"][U][COLOR=#007cd5]Mike Eskew[/COLOR][/U][/URL] is stepping down at the end of 2007, to be replaced by CFO [URL="http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=556914&symbol=UPS"][U][COLOR=#007cd5]Scott Davis[/COLOR][/U][/URL]. We would categorize the news as a mild surprise, but think there will be a smooth transition, and think Davis is a good choice. Under Eskew, UPS showed strong growth in revenues and earnings while overcoming missteps related to a shortfall in volumes during the 2005 holiday season and a salesforce reorganization in 2006. We liked Mr. Eskew's candor and communication style and expect this to continue under Mr. Davis's leadership. We maintain our 12-month target price at $89. /J. Corridore [/QUOTE]
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