Aegis Capital Starts UPS (UPS) at Hold

Aegis Capital initiates coverage on UPS (NYSE: UPS) with a Hold rating and a price target of $120.00.

Analyst Jeffrey Kauffman commented, "We are initiating coverage of UPS with a HOLD rating and $120 price target, which suggest 3% appreciation from current levels. UPS is one of the recognized global market leaders in the parcel delivery marketplace, and in our opinion, both UPS and competitor FedEx (FDX, BUY) are dominant global brands with structural advantages that no new competitor can erode in any short-term time frame. The real risk is the market moving away from them, but in the case of UPS, the market is moving toward UPS’s strengths."

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 $116.30 yesterday.

You May Also Be Interested In

• Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
• UPS (UPS) April weekly 143 straddle into quarter results
• HSBC Starts Auna SA (AUNA) at Buy, 'Just what the doctor prescribed'