Deutsche Bank Downgrades UPS (UPS) to Hold; Fairly Valued at Current Levels

Deutsche Bank downgraded UPS (NYSE: UPS) from Buy to Hold.

Deutsche analyst said, "As a result of UPS’ larger exposure to Europe (roughly 50% of International Package revenue), we believe slower European growth, a weaker euro, and heightened uncertainty in the region will likely constrain share performance."

"While we continue to like UPS’ growth potential, its strong free cash flow generation, and expansive footprint, we believe a more attractive entry point will emerge over the coming months."

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 $78.76 yesterday.

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