UPS Stock Upgraded: What You Need to Know - Fox Business
It's been a rough couple of weeks for investors in United Parcel Service(NYSE: UPS) stock, shares of which are off 10% since reporting earnings Opens a New Window. on Jan. 31 -- but things are already starting to look up.
This morning, analysts at boutique investment banker Aegis Capital announced they are sticking with their projected price target of $120 on UPS shares. And since UPS has fallen back from that target, they're going ahead and upgrading UPS stock as well -- to buy. As the analyst points out, if and when UPS rises from its current valuation of $105 and change to hit $120, the stock will provide investors with a 13.6% equity profit. Throw in a hefty 2.9% dividend yield, and the total return on this stock could exceed 16.5%.
It's been a rough couple of weeks for investors in United Parcel Service(NYSE: UPS) stock, shares of which are off 10% since reporting earnings Opens a New Window. on Jan. 31 -- but things are already starting to look up.
This morning, analysts at boutique investment banker Aegis Capital announced they are sticking with their projected price target of $120 on UPS shares. And since UPS has fallen back from that target, they're going ahead and upgrading UPS stock as well -- to buy. As the analyst points out, if and when UPS rises from its current valuation of $105 and change to hit $120, the stock will provide investors with a 13.6% equity profit. Throw in a hefty 2.9% dividend yield, and the total return on this stock could exceed 16.5%.
