Holiday Season Surcharges Will Be a Boon for UPS, Citigroup Says

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Holiday Season Surcharges Will Be a Boon for UPS, Citigroup Says - The Street

Shares of United Parcel Service Inc. (UPS) were up 0.6% to $112.53 in morning trading Tuesday after analysts at Citigroup upgraded the stock to "buy" from "neutral" due to a bullish outlook on the company's holiday season surcharges.

UPS announced in June that it will be applying surcharges to residential and large packages shipped during specific weeks in November and December.
 
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