RESEARCH ALERT-JP Morgan raises UPS to overweight - Reuters
J.P. Morgan Securities upgraded United Parcel Service Inc to "overweight" from "neutral," saying there was a significant upside potential for the stock as it does not fully reflect anticipation of a turn in the economy.
"UPS stock has lagged too much, and the stock does not reflect the boost a turn in the U.S. economy would provide to UPS earnings performance and to the stock," analyst Thomas Wadewitz wrote in a note to clients.
J.P. Morgan Securities upgraded United Parcel Service Inc to "overweight" from "neutral," saying there was a significant upside potential for the stock as it does not fully reflect anticipation of a turn in the economy.
"UPS stock has lagged too much, and the stock does not reflect the boost a turn in the U.S. economy would provide to UPS earnings performance and to the stock," analyst Thomas Wadewitz wrote in a note to clients.
