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The Latest UPS Headlines
Credit Suisse "Outright Positive" on UPS for First Time in Five Years
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<blockquote data-quote="cheryl" data-source="post: 4620842" data-attributes="member: 1"><p><a href="https://www.thestreet.com/streetlightning/stock-picks/credit-suisse-upgrades-ups-for-first-time-in-five-years-fdx" target="_blank"><strong>Credit Suisse "Outright Positive" on UPS for First Time in Five Years - The Street</strong></a></p><p></p><p>For the first time in five years UPS analysts at Credit Suisse are "outright positive" on shares of UPS, causing them to upgrade shares to Outperform from Neutral on Monday, while slapping a street high $192 price target on shares.</p><p></p><p>Analysts at Credit Suisse attributed their bullishness to several catalysts, including cost-cutting measures. The Swiss investment bank forecasts that capital expenditures will take a steep dip from a “multi-year high,” which may open the door to other “significant opportunities to reduce capital intensity.” And with domestic pricing power shifting “towards the carriers,” coupled with a new CEO in Carol Tomé, Credit Suisse is confident in UPS's ability to achieve “FCF conversion of close to 100% over the next few years, with ROIC returning to previous peak levels by 2022.”</p></blockquote><p></p>
[QUOTE="cheryl, post: 4620842, member: 1"] [URL='https://www.thestreet.com/streetlightning/stock-picks/credit-suisse-upgrades-ups-for-first-time-in-five-years-fdx'][B]Credit Suisse "Outright Positive" on UPS for First Time in Five Years - The Street[/B][/URL] For the first time in five years UPS analysts at Credit Suisse are "outright positive" on shares of UPS, causing them to upgrade shares to Outperform from Neutral on Monday, while slapping a street high $192 price target on shares. Analysts at Credit Suisse attributed their bullishness to several catalysts, including cost-cutting measures. The Swiss investment bank forecasts that capital expenditures will take a steep dip from a “multi-year high,” which may open the door to other “significant opportunities to reduce capital intensity.” And with domestic pricing power shifting “towards the carriers,” coupled with a new CEO in Carol Tomé, Credit Suisse is confident in UPS's ability to achieve “FCF conversion of close to 100% over the next few years, with ROIC returning to previous peak levels by 2022.” [/QUOTE]
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