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Why UPS Stock Was Moving Higher Today

Why UPS Stock Was Moving Higher Today

Shares of United Parcel Service (NYSE: UPS) were climbing today after the transportation and logistics powerhouse got an upgrade from Deutsche Bank. Last night, Deutsche Bank analyst Amit Mehrotra raised his rating on UPS from hold to buy and lifted his price target from $197 to $220. While volume growth may be sluggish, he thinks that productivity initiatives will improve margins and help the company gain market share even in a downturn.