Jefferies Maintains a 'Hold' on UPS (UPS); Meeting with Management

Jefferies maintains a 'Hold' on UPS (NYSE: UPS) price target of $80.00.

Analyst, Peter Nesvold, said, "We hosted investor meetings with UPS management. The TNT acquisition is expected to close by year end, assuming the EC concludes its review by mid-December. Mgmt remains cautious near-term on the U.S. economy. Longer-term, UPS is focused on integrating TNT, growing its B2C business globally, expanding the network in emerging growth regions of the world, and growing the supply chain business."

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 $75.26 yesterday.

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