UPS has lagged, but stick with it - Blogging Stocks
United Parcel Service (NYSE:
UPS) has not performed as expected over the past four months - the stock has meandered - but I'm nevertheless Reiterating my Buy rating for the company, first recommended
on April 7, 2009 at a price of $51.28. Here's why:
Although institutional investor purchases of UPS appear to have been delayed, on concern the U.S. economic recovery won't arrive on time in Q3, share repurchase should support the stock.