Why Goldman Sachs Says Buy UPS, Still Likes FedEx - Barrons
We upgrade United Parcel Services stock to Buy from Neutral, which has 18% upside potential to our increased 12-month price target of $119. In our view, the risk/reward proposition is skewed positively. The stock has declined 9% ytd and the valuation is below its long-term mean, implying limited downside risk, in our view. Furthermore, EPS estimates look somewhat conservative after the prior results.
We upgrade United Parcel Services stock to Buy from Neutral, which has 18% upside potential to our increased 12-month price target of $119. In our view, the risk/reward proposition is skewed positively. The stock has declined 9% ytd and the valuation is below its long-term mean, implying limited downside risk, in our view. Furthermore, EPS estimates look somewhat conservative after the prior results.