Goldman Sachs Resumes UPS (UPS) at Neutral

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Goldman Sachs resumes coverage on UPS (NYSE: UPS) with a Neutral. PT $77.00.

The firm comments, "The valuation multiple on UPS shares have been de-rating since the company went public in 1999 but we believe the valuation should find
support near current levels given the high rate of return on equity generated by the business model. At current valuations, however, we rate the shares Neutral and see modest downside risk in the name."

For an analyst ratings summary and ratings history on UPS click here. For more ratings news on UPS click here.

Shares of UPS closed at $78.88 yesterday, with a 52 week range of $60.74-$81.79.

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