UPS Added to Goldman Sachs’ “Conviction Buy” List (UPS)

in Gold Gold Investing Gold Investment by admin — March 3, 2010 7:21 am | no comments

Package delivery giant United Parcel Service, Inc. ( UPS ) saw its stock upgraded on Wednesday by analysts at Goldman Sachs. The analyst added UPS to its prestigious “Conviction Buy” List with a $76 price target. UPS shares had closed at $59.16 on Tuesday. Goldman noted that “UPS offers the highest returns in the industry, has attractive international growth prospects, and faces relatively few significant regulatory headwinds.” UPS shares rose 75 cents, or +1.3%, in premarket trading Wednesday. The Bottom Line We have been recommending shares of UPS since Jan.8, when the stock was trading at $57.41. The company has a 3.18% dividend yield, based on last night’s closing stock price of $59.16. United Parcel Service, Inc. ( UPS ) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 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 .