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The Latest UPS Headlines
UPS stock jumps after Stifel analyst said it has gotten cheap enough to buy again
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<blockquote data-quote="cheryl" data-source="post: 5031374" data-attributes="member: 1"><p><a href="https://www.marketwatch.com/story/ups-stock-jumps-after-stifel-analyst-said-it-has-gotten-cheap-enough-to-buy-again-11634225675" target="_blank"><strong>UPS stock jumps after Stifel analyst said it has gotten cheap enough to buy again - Marketwatch</strong></a></p><p></p><p><strong>With strong free cash flow and a healthy dividend yield, valuation was analyst’s only ‘hangup’ on the stock </strong></p><p></p><p>Shares of United Parcel Service Inc. delivered healthy gains Thursday, after Stifel Nicolaus analyst Bruce Chan said their recent selloff, despite continued strong fundamentals and e-commerce growth, has presented investors with a “good opportunity” to buy.</p><p></p><p>The package delivery giant’s stock rose 3.7% in morning trading. It has now bounced 6.9% since closing at a 5 1/2-month low $178.42 on Oct. 4, but was still 12.3% below its May 7 record close of $217.50.</p><p></p><p>Stifel’s Chan raised his rating to buy, just about four months after downgrading to hold, saying “there’s a lot to like about the fundamental UPS story right now.” He boosted his stock price target to $224 from $210.</p><p> </p><p>“Despite tough [year-over-year comparisons], e-commerce continues to drive secular volume growth in the company’s core small package unit, and continued yield management focus is a boon in an environment with ample near-term rate momentum, in our view,” Chan wrote in a research note to clients.</p></blockquote><p></p>
[QUOTE="cheryl, post: 5031374, member: 1"] [URL='https://www.marketwatch.com/story/ups-stock-jumps-after-stifel-analyst-said-it-has-gotten-cheap-enough-to-buy-again-11634225675'][B]UPS stock jumps after Stifel analyst said it has gotten cheap enough to buy again - Marketwatch[/B][/URL] [B]With strong free cash flow and a healthy dividend yield, valuation was analyst’s only ‘hangup’ on the stock [/B] Shares of United Parcel Service Inc. delivered healthy gains Thursday, after Stifel Nicolaus analyst Bruce Chan said their recent selloff, despite continued strong fundamentals and e-commerce growth, has presented investors with a “good opportunity” to buy. The package delivery giant’s stock rose 3.7% in morning trading. It has now bounced 6.9% since closing at a 5 1/2-month low $178.42 on Oct. 4, but was still 12.3% below its May 7 record close of $217.50. Stifel’s Chan raised his rating to buy, just about four months after downgrading to hold, saying “there’s a lot to like about the fundamental UPS story right now.” He boosted his stock price target to $224 from $210. “Despite tough [year-over-year comparisons], e-commerce continues to drive secular volume growth in the company’s core small package unit, and continued yield management focus is a boon in an environment with ample near-term rate momentum, in our view,” Chan wrote in a research note to clients. [/QUOTE]
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