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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.

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