Citi upgrades UPS to buy, moves it ahead of FedEx in 'pecking order'

Published Wed, Dec 15 20216:55 AM ESTUpdated Wed, Dec 15 202111:09 AM EST

A United Parcel Service driver unloads package in the Lincoln Park neighborhood of Chicago, Illinois, U.S., on Monday, Nov. 30, 2020.

Christopher Dilts | Bloomberg | Getty Images

Citi on Wednesday upgraded United Parcel Service to a buy rating and moved the company ahead of rival FedEx in its rankings.

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