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UPS (UPS) Shares Edge Higher as Citi Upgrades to Buy on Favorable Setup, Positive Amazon Catalyst

December 15, 2021 6:05 AM EST

Shares of United Parcel Service (NYSE: UPS) are up over 1% in pre-open Wednesday after Citi analyst Christian Wetherbee upgraded shares to Buy from Neutral and raised the price target to $250.00 per share from the prior $245.00.

Historically, Citi analyst said he preferred FedEx (NYSE: FDX) to UPS but he now prefers... More