UPS's stock gets a boost from Raymond James' double upgrade - Marketwatch
Shares of United Parcel Service Inc. climbed 0.7% in morning trade Tuesday, after the package delivery service received a double upgrade at Raymond James, which cited an "underappreciated" outlook for the companies domestic business and free cash flow (FCF). Analyst Patrick Brown raised his rating two notches to strong buy from market perform, and set a new stock price target of $150, which is 21% above current levels.
Shares of United Parcel Service Inc. climbed 0.7% in morning trade Tuesday, after the package delivery service received a double upgrade at Raymond James, which cited an "underappreciated" outlook for the companies domestic business and free cash flow (FCF). Analyst Patrick Brown raised his rating two notches to strong buy from market perform, and set a new stock price target of $150, which is 21% above current levels.
