United Parcel Service "market perform"

Analysts at Morgan Keegan reiterate their “market perform” rating on United Parcel Service Inc.

In a research note published this morning, the analysts mention that although the company has a few longer-term growth opportunities, there seems to be a lack of potential catalysts for multiple expansion and substantial earnings growth in the near term. United Parcel Service’s recent acquisitions have boosted the company’s presence in key areas such as the United Kingdom and Poland, the analysts say. The company expects the transition towards online purchases to favour the small package business beyond 2007.