More from Dividend.com
Referenced Stocks

UPS Cut to “Neutral” at Robert Baird; Sees International Weakness (UPS)

By Dividend.com,  October 16, 2012, 08:25:26 AM EDT

Package delivery giant United Parcel Service, Inc. ( UPS ) on Tuesday caught a big downgrade from analysts at Robert W. Baird.

The firm cut its rating on UPS from "Outperform" to "Neutral" with an $80 price target, suggesting a 10% upside to the stock's Monday closing price of $72.59.

Robert Baird said it made the move because international airfreight trends look to be tracking lower.

UPS shares posted small losses in premarket trading Tuesday.

The Bottom Line
Shares of United Parcel Service ( UPS ) have a 3.14% dividend yield, based on last night's closing stock price of $72.59. The stock has technical support in the $67-$68 price area. If the shares can firm up, we see overhead resistance around the $76-$77 price levels.

United Parcel Service, Inc. ( UPS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: UPS



Latest News Video

Obama Says Oklahoma Damage "Difficult to Comprehend"
Obama Says Oklahoma Damage "Difficu...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%