Bank Of America Says United Parcel Service (UPS) Stock Worth $105, Rates It A Hold

Following the release of preliminary fourth-quarter (4QFY14) results on Friday, United Parcel Service, Inc. (NYSE:UPS) stock traded down 9.91% at the end of the trading session. The stock was downgraded at Bank of America/Merrill Lynch, with a cut in price target; Deutsche Bank also reduced the target price.