UPS stock rises to buck stock market selloff after Deutsche Bank recommends buying - Marketwatch
Shares now look ‘fully de-risked’ after recent selloff and given historically high dividend yield, analyst says
Shares of United Parcel Service Inc. rallied Tuesday, in the face of a broader stock market selloff, after Deutsche Bank analyst Amit Mehrotra turned bullish, saying they now appear to be “fully de-risked.”
Mehrotra raised his rating to buy from hold. He kept the stock price target at $119, which is about 26% above current levels.
Shares now look ‘fully de-risked’ after recent selloff and given historically high dividend yield, analyst says
Shares of United Parcel Service Inc. rallied Tuesday, in the face of a broader stock market selloff, after Deutsche Bank analyst Amit Mehrotra turned bullish, saying they now appear to be “fully de-risked.”
Mehrotra raised his rating to buy from hold. He kept the stock price target at $119, which is about 26% above current levels.
