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

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.

More In Street Calls

CNBC ProHere are Wednesday's biggest analyst calls: Tesla, Best Buy, Apple, Amazon, Air Products & more
CNBC ProAtlantic Equities says it's time to buy this industrial gas company with 'proven pricing power'
CNBC ProBarclays downgrades Best Buy as demand for consumer electronics slows