Why Goldman Sachs Says Buy UPS, Still Likes FedEx

cheryl

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Why Goldman Sachs Says Buy UPS, Still Likes FedEx - Barrons

We upgrade United Parcel Services stock to Buy from Neutral, which has 18% upside potential to our increased 12-month price target of $119. In our view, the risk/reward proposition is skewed positively. The stock has declined 9% ytd and the valuation is below its long-term mean, implying limited downside risk, in our view. Furthermore, EPS estimates look somewhat conservative after the prior results.
 
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