United Parcel Service Inc. (NYSE: UPS) – The world’s largest express delivery company is making headlines because of the record number of deliveries this holiday season.

But even before the big buying season started, analysts were pointing to the huge improvements in efficiency and its strong generation of cash, according to S&P.

Following a broad consolidation that has taken eight months to complete, the stock broke from a resistance line at $70 on higher volume and, as a result, has a technical target of $82. 

S&P has a “four-star buy” rating on UPS with a 12-month target of $84.

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