UPS Is Well-Positioned for the Strengthening Global Economy

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 16, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Is Well-Positioned for the Strengthening Global Economy - Blogging Stocks

    After meandering for much of 2009, United Parcel Services' (UPS) stock finally broke through resistance, confirming the earlier bullish analysis, and it goes without saying that I'm reiterating my buy rating for the company's shares, first recommended on April 7, 2009, at a price of $51.28.

    The worst is over for the delivery business and better quarters are ahead: increased pricing power, in some delivery segments, and higher volumes will ensue in the quarters ahead, as the U.S./global economic recoveries strengthen. Overall, revenue should increase 7-9% in FY2010 after a difficult FY2009.