Argus looking for ‘more favorable entry point’ in UPS

Argus keeps a Hold rating on UPS but notes that the firm is looking for a more favorable entry point on the stock. Although UPS appears well positioned to benefit from a number of positive trends, including the continued growth of e-commerce, its recent results have disappointed on both the top and bottom lines, the analyst tells investors in a research note. Argus adds however that the firm likes the company’s current dividend yield of 5.1%, which “signals value”.