Piper Jaffray Reiterates Overweight Rating On UPS

In a research report released by Piper Jaffray today, the firm's analysts reiterated their Overweight rating and $83.00 price target on shares of UPS UPS. At meetings held last week in Kansas City, "management echoed global economic recovery continues to drive stronger volume in International and Domestic transport markets." The Piper Jaffray analysts wrote that, "Our sense is UPS's commitment to improving product pricing will become a larger component of profit growth and margin improvement now that volumes appear to have recovered." In reiterating their Overweight rating, they wrote, "We continue to see a strong disconnect between UPS depressed valuation and strongly accelerating fundamentals. Volume, now price, with likely upside operating margin potential should continue to drive the stock higher towards our target price." During Tuesday's trading session, UPS shares have fallen 0.65% to $66.17.