Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
United Parcel Service Upgraded at Deutsche Bank (UPS)
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="cheryl" data-source="post: 682539" data-attributes="member: 1"><p><a href="http://www.dividend.com/blog/?p=18590" target="_blank"><strong>United Parcel Service Upgraded at Deutsche Bank (UPS) - Dividend</strong></a></p><p>Package delivery giant United Parcel Service, Inc. saw its rating and earnings estimates boosted on Wednesday by analysts at Deutsche Bank.</p><p> </p><p>The analyst raised its rating on UPS to “Buy” from “Hold,” and set a $70 price target on the shares, which had closed at $58.62 on Tuesday. Deutsche also raised its 2010 and 2011 earnings estimates for the company by 7% and 4%, respectively.</p><p> </p><p>The firm comments that “We are upgrading shares of UPS to Buy, as we expect the company to benefit from improving International Package volumes as well as synergies from its U.S. Domestic Package restructuring initiatives. The restructuring initiatives are expected to begin to be accretive in H2 2010 (net neutral annual impact) and add $0.10/share annually to our EPS estimates beginning in 2011. We see solid value in UPS shares, with the company trading at a 3% dividend yield and 7% free cash yield. UPS is now Buy-rated, but FedEx (NYSE: FDX) (Buy-rated) remains our top Airfreight pick.”</p></blockquote><p></p>
[QUOTE="cheryl, post: 682539, member: 1"] [URL="http://www.dividend.com/blog/?p=18590"][B]United Parcel Service Upgraded at Deutsche Bank (UPS) - Dividend[/B][/URL] Package delivery giant United Parcel Service, Inc. saw its rating and earnings estimates boosted on Wednesday by analysts at Deutsche Bank. The analyst raised its rating on UPS to “Buy” from “Hold,” and set a $70 price target on the shares, which had closed at $58.62 on Tuesday. Deutsche also raised its 2010 and 2011 earnings estimates for the company by 7% and 4%, respectively. The firm comments that “We are upgrading shares of UPS to Buy, as we expect the company to benefit from improving International Package volumes as well as synergies from its U.S. Domestic Package restructuring initiatives. The restructuring initiatives are expected to begin to be accretive in H2 2010 (net neutral annual impact) and add $0.10/share annually to our EPS estimates beginning in 2011. We see solid value in UPS shares, with the company trading at a 3% dividend yield and 7% free cash yield. UPS is now Buy-rated, but FedEx (NYSE: FDX) (Buy-rated) remains our top Airfreight pick.” [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
United Parcel Service Upgraded at Deutsche Bank (UPS)
Top