Goldman (NYSE:GS) Pushed Up PT of UPS (NYSE:UPS), Pricing Power

Citing their 5 percent increase in rates which gives them a larger capture ratio, Goldman Sachs boosted their price target on UPS (NYSE:UPS).

Yields for 2011 domestic express are expected to continue to get better on the increase in package weights and weight price, along with the 5 percent increase mentioned.

Goldman raised their 2010 EPS estimates from $3.54 to $3.56 and for 2011 from $4.28 to $4.38.

Goldman maintains their "Conviction Buy" list rating on UPS, which closed Monday at $72.14, down $0.01, or 0.01 percent. Goldman increased their price target on UPS from $83 to $90.